MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Atria Investments Inc

Atria Investments Inc boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,175 shares of the company’s stock after acquiring an additional 135 shares during the period. Atria Investments Inc’s holdings in MongoDB were worth $588,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in MongoDB by 2.7% during the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock worth $1,648,000 after acquiring an additional 160 shares during the period. Janney Montgomery Scott LLC acquired a new position in MongoDB during the third quarter worth $861,000. Stephens Investment Management Group LLC raised its position in MongoDB by 22.8% during the third quarter. Stephens Investment Management Group LLC now owns 30,664 shares of the company’s stock worth $8,290,000 after acquiring an additional 5,688 shares during the period. US Bancorp DE raised its position in MongoDB by 9.1% during the third quarter. US Bancorp DE now owns 3,869 shares of the company’s stock worth $1,046,000 after acquiring an additional 324 shares during the period. Finally, First Trust Direct Indexing L.P. raised its position in MongoDB by 16.0% during the third quarter. First Trust Direct Indexing L.P. now owns 1,888 shares of the company’s stock worth $510,000 after acquiring an additional 261 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDB has been the subject of a number of research reports. Mizuho upped their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Oppenheimer upped their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. Morgan Stanley upped their target price on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, DA Davidson upped their price objective on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $336.54.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 3,556 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $911,225.00. Following the transaction, the chief executive officer now directly owns 219,875 shares in the company, valued at $56,342,968.75. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Cedric Pech sold 302 shares of the 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 completion of the transaction, the executive now owns 33,440 shares in the company, valued at $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,600 shares of company stock valued at $7,034,249. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 1.7 %

Shares of MDB opened at $289.15 on Wednesday. The stock has a market capitalization of $21.36 billion, a PE ratio of -94.26 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company’s 50-day simple moving average is $278.06 and its 200-day simple moving average is $273.04.

MongoDB (NASDAQ:MDB) last issued its quarterly 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. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($0.63) earnings per share. Analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

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.