Lecap Asset Management Ltd. Buys Shares of 9,944 MongoDB, Inc. (NASDAQ:MDB)

Lecap Asset Management Ltd. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,944 shares of the company’s stock, valued at approximately $2,688,000.

Several other large investors also recently added to or reduced their stakes in MDB. Vanguard Group Inc. raised its holdings in MongoDB by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after acquiring an additional 68,348 shares during the period. Jennison Associates LLC raised its stake in shares of MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the period. Swedbank AB lifted its holdings in 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 purchasing an additional 400,705 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in MongoDB by 22.4% in the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after purchasing an additional 100,725 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in MongoDB by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after buying an additional 232,101 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Truist Financial boosted their price target on shares of MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Mizuho lifted their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC upped their target price on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $337.96.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,385 shares of MongoDB stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total value of $398,630.70. Following the sale, the director now directly owns 89,063 shares in the company, valued at approximately $25,634,112.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 1,385 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total value of $398,630.70. Following the completion of the sale, the director now directly owns 89,063 shares of the company’s stock, valued at approximately $25,634,112.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the transaction, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,281 shares of company stock valued at $6,310,411 in the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $264.44 on Wednesday. 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 fifty-two week low of $212.74 and a fifty-two week high of $509.62. The business has a 50 day moving average price of $271.57 and a 200-day moving average price of $283.41. The firm has a market cap of $19.40 billion, a PE ratio of -94.11 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last announced 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 business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.63) EPS. Equities research analysts predict that MongoDB, Inc. will post -2.44 earnings per share for the current 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.