Algert Global LLC Buys Shares of 2,551 MongoDB, Inc. (NASDAQ:MDB)

Algert Global LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,551 shares of the company’s stock, valued at approximately $922,000.

Other large investors have also made changes to their positions in the company. Cherry Creek Investment Advisors Inc. bought a new stake in shares of MongoDB during the second quarter valued at approximately $1,178,000. Berkshire Capital Holdings Inc. raised its stake in shares of MongoDB by 640,000.0% during the second quarter. Berkshire Capital Holdings Inc. now owns 64,010 shares of the company’s stock valued at $23,141,000 after acquiring an additional 64,000 shares in the last quarter. Dai Ichi Life Insurance Company Ltd bought a new stake in shares of MongoDB during the second quarter valued at approximately $213,000. LPL Financial LLC raised its stake in shares of MongoDB by 5.4% during the second quarter. LPL Financial LLC now owns 25,879 shares of the company’s stock valued at $9,356,000 after acquiring an additional 1,326 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of MongoDB by 1.9% during the second quarter. Franklin Resources Inc. now owns 809,793 shares of the company’s stock valued at $292,756,000 after acquiring an additional 14,801 shares in the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

A number of equities analysts recently commented on the stock. Barclays boosted their price objective on shares of MongoDB from $505.00 to $590.00 and gave the stock an “overweight” rating in a research note on Friday, September 17th. They noted that the move was a valuation call. UBS Group boosted their price objective on shares of MongoDB from $300.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, September 3rd. Mizuho boosted their price objective on shares of MongoDB from $350.00 to $410.00 and gave the stock a “neutral” rating in a research note on Friday, September 3rd. Needham & Company LLC boosted their price objective on shares of MongoDB from $415.00 to $534.00 and gave the stock a “buy” rating in a research note on Friday, September 3rd. Finally, Citigroup reissued a “buy” rating and issued a $526.00 price objective (up previously from $450.00) on shares of MongoDB in a research note on Friday, September 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Buy” and an average price target of $472.44.

In other MongoDB news, CEO Dev Ittycheria sold 35,000 shares of the company’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $369.52, for a total value of $12,933,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 279 shares of the company’s stock in a transaction on Monday, October 4th. The shares were sold at an average price of $460.55, for a total transaction of $128,493.45. The disclosure for this sale can be found here. Insiders have sold 127,153 shares of company stock worth $56,119,688 over the last three months. Corporate insiders own 7.40% of the company’s stock.

Shares of MDB traded up $2.04 during trading hours on Thursday, reaching $496.06. 4,931 shares of the company traded hands, compared to its average volume of 821,616. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.74 and a quick ratio of 5.74. MongoDB, Inc. has a 12-month low of $219.51 and a 12-month high of $518.34. The business has a fifty day moving average price of $439.53 and a 200-day moving average price of $361.40.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, September 1st. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.15. The firm had revenue of $198.75 million for the quarter, compared to analyst estimates of $184.19 million. MongoDB had a negative net margin of 41.24% and a negative return on equity of 239.38%. The business’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -4.72 EPS for the current year.

About MongoDB

MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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