MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 31.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857 shares of the company’s stock after selling 395 shares during the quarter. Prospera Financial Services Inc’s holdings in MongoDB were worth $232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp grew its stake 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 worth $33,000 after purchasing an additional 116 shares during the period. Quarry LP grew its stake in shares of MongoDB by 2,580.0% during 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 period. Hantz Financial Services Inc. acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $35,000. Finally, GAMMA Investing LLC lifted its position in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 2.7 %

Shares of MDB stock opened at $341.36 on Tuesday. The company’s 50-day moving average price is $278.95 and its 200-day moving average price is $271.50. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of -113.03 and a beta of 1.15. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.63) EPS. As a group, equities analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler increased their target price on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Citigroup increased their target price on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 target price on shares of MongoDB in a research report on Friday, August 30th. Barclays increased their target price on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein increased their target price on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.54.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $290.40, for a total transaction of $290,400.00. Following the completion of the sale, the director now owns 1,138,006 shares in the company, valued at approximately $330,476,942.40. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,600 shares of company stock worth $7,034,249. Company insiders own 3.60% of the company’s stock.

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.