Choreo LLC Acquires 1,493 Shares of MongoDB, Inc. (NASDAQ:MDB)

Choreo LLC boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 187.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,291 shares of the company’s stock after buying an additional 1,493 shares during the quarter. Choreo LLC’s holdings in MongoDB were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in shares of MongoDB during the 4th quarter valued at approximately $25,000. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter worth $25,000. J.Safra Asset Management Corp lifted its position in shares of 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 purchasing an additional 116 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of MongoDB during the second quarter valued at $35,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of MongoDB in the first quarter worth about $41,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 138 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. 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 stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,179 shares of company stock valued at $8,346,169. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Loop Capital reduced their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. Tigress Financial cut their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Canaccord Genuity Group decreased their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Stifel Nicolaus lifted their target price on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, UBS Group raised their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $337.56.

MongoDB Stock Down 1.7 %

MongoDB stock opened at $290.09 on Friday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. 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 50 day moving average of $255.85 and a two-hundred day moving average of $303.20. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of -103.23 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued 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. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the previous year, the business posted ($0.63) earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that MongoDB, Inc. will post -2.46 earnings per share for the current year.

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.