Prio Wealth Limited Partnership Invests $203,000 in MongoDB, Inc. (NASDAQ:MDB)

Prio Wealth Limited Partnership acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 750 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $25,000. J.Safra Asset Management Corp grew its position in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP increased its stake in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of MongoDB in the second quarter valued at about $35,000. Finally, GAMMA Investing LLC boosted its stake in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 1.4 %

Shares of MongoDB stock opened at $271.77 on Tuesday. The business has a 50 day moving average price of $271.14 and a 200 day moving average price of $284.10. The company has a market capitalization of $19.93 billion, a P/E ratio of -96.72 and a beta of 1.15. 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 1 year low of $212.74 and a 1 year high of $509.62.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on MDB shares. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. Tigress Financial cut their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Piper Sandler lifted their price objective on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Truist Financial boosted their price objective on shares of MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $337.96.

Insider Transactions at MongoDB

In related news, CRO Cedric Pech sold 302 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the transaction, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CRO Cedric Pech sold 302 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $23,313,925.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,281 shares of company stock worth $6,310,411 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

About MongoDB

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.