MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,242 shares of the company’s stock after buying an additional 133 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in MongoDB were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp boosted its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP grew its stake in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in shares of MongoDB in the 2nd quarter worth approximately $35,000. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CRO Cedric Pech sold 302 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 transaction of $77,387.50. Following the transaction, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CRO Cedric Pech sold 302 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 3,556 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the completion of the transaction, the chief executive officer now owns 219,875 shares in the company, valued at $56,342,968.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,896 shares of company stock valued at $4,187,260 over the last quarter. Insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.0 %

NASDAQ:MDB opened at $259.46 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. The company has a market capitalization of $19.03 billion, a P/E ratio of -92.33 and a beta of 1.15. The stock’s 50 day moving average price is $262.41 and its 200 day moving average price is $288.60. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.63) EPS. On average, research analysts forecast that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on MDB shares. DA Davidson raised their target price on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Needham & Company LLC lifted their target price on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Scotiabank boosted their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Citigroup increased their price target on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Oppenheimer boosted their price objective on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $337.56.

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.