XR Securities LLC Invests $208,000 in MongoDB, Inc. (NASDAQ:MDB)

XR Securities LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDBGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 802 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Commerce Bank grew its stake in MongoDB by 1.7% in the fourth quarter. Commerce Bank now owns 1,413 shares of the company’s stock valued at $747,000 after purchasing an additional 24 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in shares of MongoDB by 6.9% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company’s stock worth $206,000 after buying an additional 30 shares during the last quarter. Ieq Capital LLC raised its stake in shares of MongoDB by 2.3% during the 1st quarter. Ieq Capital LLC now owns 1,485 shares of the company’s stock worth $659,000 after acquiring an additional 34 shares in the last quarter. Wedbush Securities Inc. lifted its position in MongoDB by 1.8% during the first quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock valued at $999,000 after acquiring an additional 40 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in MongoDB by 0.5% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 9,926 shares of the company’s stock valued at $4,404,000 after acquiring an additional 48 shares during the last quarter. 89.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDB has been the subject of several analyst reports. Canaccord Genuity Group increased their price objective on MongoDB from $300.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Stifel Nicolaus cut their price objective on shares of MongoDB from $340.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, September 1st. Redburn Partners began coverage on shares of MongoDB in a research note on Wednesday, June 29th. They issued a “sell” rating and a $190.00 target price for the company. UBS Group cut their price target on shares of MongoDB from $430.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. Finally, Robert W. Baird dropped their price objective on shares of MongoDB from $360.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.83.

Insider Activity

In related news, Director Dwight A. Merriman sold 629 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $292.64, for a total transaction of $184,070.56. Following the completion of the transaction, the director now owns 1,322,755 shares in the company, valued at approximately $387,091,023.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 629 shares of the stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $292.64, for a total value of $184,070.56. Following the completion of the transaction, the director now directly owns 1,322,755 shares of the company’s stock, valued at approximately $387,091,023.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Archana Agrawal sold 663 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $345.55, for a total value of $229,099.65. Following the completion of the transaction, the director now owns 2,080 shares in the company, valued at approximately $718,744. The disclosure for this sale can be found here. Insiders have sold a total of 69,789 shares of company stock worth $18,925,825 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

MongoDB Price Performance

Shares of MDB stock traded down $10.83 during mid-day trading on Thursday, hitting $198.63. 76,624 shares of the stock were exchanged, compared to its average volume of 2,242,417. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.70. MongoDB, Inc. has a 52-week low of $209.45 and a 52-week high of $590.00. The firm has a fifty day moving average of $302.92 and a 200 day moving average of $316.17. The company has a market cap of $13.65 billion, a PE ratio of -37.31 and a beta of 0.95.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($1.69) EPS for the quarter, missing analysts’ consensus estimates of ($1.52) by ($0.17). MongoDB had a negative net margin of 33.43% and a negative return on equity of 52.05%. The business had revenue of $303.66 million during the quarter, compared to analysts’ expectations of $282.31 million. During the same quarter last year, the firm earned ($1.15) earnings per share. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. Research analysts anticipate that MongoDB, Inc. will post -5.36 earnings per share for the current year.

About MongoDB

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

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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