E&G Advisors LP Purchases Shares of 685 MongoDB, Inc. (NASDAQ:MDB)

E&G Advisors LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 685 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds have also modified their holdings of MDB. Transcendent Capital Group LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $25,000. Blue Trust Inc. grew its holdings in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. Beacon Capital Management LLC increased its holdings in shares of MongoDB by 1,111.1% in the 4th quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. increased its stake in MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after buying an additional 76 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in shares of MongoDB by 156.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock valued at $50,000 after buying an additional 89 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Up 1.9 %

NASDAQ:MDB traded up $5.06 during trading hours on Wednesday, reaching $264.94. 893,028 shares of the stock were exchanged, compared to its average volume of 1,545,416. The firm has a 50 day moving average of $298.84 and a 200 day moving average of $363.02. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The stock has a market cap of $19.43 billion, a PE ratio of -94.28 and a beta of 1.13. MongoDB, Inc. has a twelve month low of $214.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. On average, equities analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Insider Activity

In other news, CRO Cedric Pech sold 4,726 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $350.00, for a total transaction of $1,654,100.00. Following the completion of the sale, the executive now owns 35,992 shares in the company, valued at $12,597,200. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the sale, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 4,726 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $350.00, for a total transaction of $1,654,100.00. Following the transaction, the executive now owns 35,992 shares of the company’s stock, valued at $12,597,200. The disclosure for this sale can be found here. Insiders have sold 27,900 shares of company stock valued at $8,269,852 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup decreased their target price on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a report on Tuesday, May 28th. KeyCorp reduced their price objective on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Mizuho lowered their price target on MongoDB from $380.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Finally, Redburn Atlantic reissued a “sell” rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $361.30.

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.