Princeton Capital Management LLC Has $878,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Princeton Capital Management LLC decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,247 shares of the company’s stock after selling 1,265 shares during the quarter. Princeton Capital Management LLC’s holdings in MongoDB were worth $878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth about $25,000. J.Safra Asset Management Corp lifted its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the last quarter. Quarry LP boosted its holdings in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of MongoDB in the second quarter valued at approximately $35,000. Finally, GAMMA Investing LLC increased its stake in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MDB shares. Needham & Company LLC boosted their price target on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Bank of America upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Mizuho boosted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Barclays raised their price objective on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.54.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the transaction, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at $4,117,425. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $768,750.00. Following the sale, the director now owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

Shares of MDB stock opened at $284.43 on Tuesday. 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 twelve month low of $212.74 and a twelve month high of $509.62. The stock’s fifty day simple moving average is $278.10 and its 200 day simple moving average is $273.60.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the business posted ($0.63) earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal 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.