Metis Global Partners LLC Increases Stake in MongoDB, Inc. (NASDAQ:MDB)

Metis Global Partners LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,319 shares of the company’s stock after buying an additional 494 shares during the period. Metis Global Partners LLC’s holdings in MongoDB were worth $627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MDB. Advisors Asset Management Inc. grew its position in shares of MongoDB by 12.9% in the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after buying an additional 37 shares during the period. Atria Investments Inc boosted its stake in MongoDB by 1.2% during the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after acquiring an additional 39 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in MongoDB by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares during the period. Taylor Frigon Capital Management LLC increased its stake in shares of MongoDB by 0.4% during the second quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock valued at $2,475,000 after purchasing an additional 42 shares in the last quarter. Finally, Tanager Wealth Management LLP lifted its holdings in shares of MongoDB by 4.7% during the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after purchasing an additional 43 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Down 4.1 %

MDB opened at $279.77 on Monday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The firm’s 50 day simple moving average is $278.10 and its two-hundred day simple moving average is $274.30. The company has a market capitalization of $20.67 billion, a PE ratio of -92.64 and a beta of 1.15. 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 (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s quarterly revenue 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. As a group, equities analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $290.40, for a total transaction of $290,400.00. Following the sale, the director now directly owns 1,138,006 shares of the company’s stock, valued at approximately $330,476,942.40. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,281 shares of company stock valued at $6,657,121 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MDB shares. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Friday, August 30th. Truist Financial raised their price target on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup lifted their price target on MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Needham & Company LLC increased their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Oppenheimer lifted 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $336.54.

MongoDB Company 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.