Curi RMB Capital LLC Raises Holdings in MongoDB, Inc. (NASDAQ:MDB)

Curi RMB Capital LLC boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,872 shares of the company’s stock after buying an additional 2,362 shares during the period. Curi RMB Capital LLC’s holdings in MongoDB were worth $6,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MDB. Swedbank AB raised its stake in shares of MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after purchasing an additional 232,101 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of MongoDB during the 2nd quarter valued at $52,131,000. Finally, Renaissance Technologies LLC boosted its position in shares of MongoDB by 828.9% in the 2nd quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock worth $45,743,000 after purchasing an additional 163,300 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Cedric Pech sold 302 shares of the firm’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 $77,387.50. Following the completion of the transaction, the executive now owns 33,440 shares in the company, valued at $8,569,000. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,281 shares of company stock worth $6,657,121. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Bank of America upped their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Scotiabank upped their price objective on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a report on Friday, August 30th. Piper Sandler lifted their target price on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Truist Financial upped their price target on shares of MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC raised their price target on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $334.25.

MongoDB Stock Down 3.1 %

NASDAQ:MDB opened at $291.59 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The stock’s 50-day moving average price is $278.11 and its 200-day moving average price is $275.45.

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 analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.63) earnings per share. Sell-side analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year.

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.