Dynamic Technology Lab Private Ltd Takes $1.43 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Dynamic Technology Lab Private Ltd purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,302 shares of the company’s stock, valued at approximately $1,433,000.

A number of other hedge funds have also bought and sold shares of the business. Daiwa Securities Group Inc. raised its position in MongoDB by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 10,323 shares of the company’s stock worth $2,791,000 after acquiring an additional 1,132 shares during the period. Westfield Capital Management Co. LP grew its position in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after acquiring an additional 7,526 shares during the period. Alpha DNA Investment Management LLC purchased a new stake in shares of MongoDB during the 3rd quarter worth approximately $764,000. Cerity Partners LLC raised its holdings in shares of MongoDB by 8.3% in the 3rd quarter. Cerity Partners LLC now owns 9,094 shares of the company’s stock worth $2,459,000 after purchasing an additional 695 shares during the period. Finally, Nwam LLC purchased a new position in MongoDB in the third quarter valued at approximately $211,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America raised their target price on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho lifted their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. DA Davidson lifted their target price on shares of MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, UBS Group boosted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $336.54.

MongoDB Stock Performance

NASDAQ MDB opened at $341.36 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a fifty day moving average of $279.98 and a 200-day moving average of $271.41. The company has a market capitalization of $25.22 billion, a P/E ratio of -113.03 and a beta of 1.15. 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 (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the previous year, the company posted ($0.63) EPS. MongoDB’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,884 shares of MongoDB 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 $482,775.00. Following the transaction, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at $20,578,668.75. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at $4,117,425. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,600 shares of company stock valued at $7,034,249. Corporate insiders own 3.60% of the company’s stock.

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.