Cardan Capital Partners LLC acquired a new stake in shares of Mongodb Inc (NASDAQ:MDB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,726 shares of the company’s stock, valued at approximately $1,527,000.
Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Mongodb during the third quarter valued at approximately $106,000. Regis Management CO LLC purchased a new position in Mongodb during the second quarter valued at approximately $148,000. TRUE Private Wealth Advisors purchased a new position in Mongodb during the third quarter valued at approximately $182,000. Private Advisor Group LLC purchased a new position in Mongodb during the third quarter valued at approximately $216,000. Finally, UBS Group AG grew its stake in Mongodb by 267.4% during the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock valued at $219,000 after acquiring an additional 3,677 shares in the last quarter. 50.44% of the stock is owned by institutional investors.
MDB has been the subject of several recent analyst reports. Monness Crespi & Hardt boosted their price objective on shares of Mongodb from $60.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Canaccord Genuity lifted their target price on shares of Mongodb from $54.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Stifel Nicolaus lifted their target price on shares of Mongodb from $53.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Needham & Company LLC lifted their target price on shares of Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Finally, Morgan Stanley lifted their target price on shares of Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $77.92.
Shares of Mongodb stock opened at $82.90 on Monday. Mongodb Inc has a 1 year low of $24.62 and a 1 year high of $85.78. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.74 and a current ratio of 3.74.
Mongodb (NASDAQ:MDB) last announced its earnings results on Wednesday, September 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.04. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The business had revenue of $57.50 million during the quarter, compared to analyst estimates of $51.75 million. Mongodb’s revenue was up 61.5% on a year-over-year basis. Analysts forecast that Mongodb Inc will post -2.27 EPS for the current year.
In other news, CFO Michael Lawrence Gordon sold 1,047 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $75.23, for a total value of $78,765.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 63,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $84.11, for a total transaction of $5,349,396.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 336,283 shares of company stock valued at $26,869,879. Company insiders own 40.04% of the company’s stock.
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MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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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