14,394 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by Scientech Research LLC

Scientech Research LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, Holdings Channel.com reports. The firm bought 14,394 shares of the company’s stock, valued at approximately $3,598,000. MongoDB comprises 0.7% of Scientech Research LLC’s portfolio, making the stock its 6th largest holding.

Several other hedge funds also recently made changes to their positions in MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the 4th quarter worth $25,000. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB in the 2nd quarter worth $25,000. J.Safra Asset Management Corp increased its holdings in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of MongoDB in the 2nd quarter valued at about $35,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of MongoDB in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a report on Friday, August 30th. UBS Group increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Citigroup increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Finally, Piper Sandler increased their price target on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $337.56.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $272.65 on Friday. The company has a 50-day simple moving average of $260.86 and a 200-day simple moving average of $295.21. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market cap of $20.14 billion, a PE ratio of -97.03 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period last year, the company earned ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,005 shares of company stock valued at $5,557,746. Insiders own 3.60% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.