Chicago Capital LLC Trims Stake in MongoDB, Inc. (NASDAQ:MDB)

Chicago Capital LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 53.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 969 shares of the company’s stock after selling 1,112 shares during the quarter. Chicago Capital LLC’s holdings in MongoDB were worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new position in MongoDB during the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp increased 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 valued at $33,000 after purchasing an additional 116 shares during the period. Quarry LP increased its position in MongoDB by 2,580.0% during the 2nd 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 position in MongoDB during the 2nd quarter valued at about $35,000. Finally, GAMMA Investing LLC increased its position in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler raised 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. Oppenheimer raised their price target on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Stifel Nicolaus raised their price target on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup raised 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. Finally, Sanford C. Bernstein raised their price target on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $337.96.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $275.54 on Monday. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a 50 day simple moving average of $270.35 and a two-hundred day simple moving average of $284.61. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of -98.06 and a beta of 1.15.

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

Insider Activity

In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,281 shares of company stock valued at $6,310,411 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

MongoDB 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.