Lighthouse Investment Partners LLC Buys New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Lighthouse Investment Partners LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,000 shares of the company’s stock, valued at approximately $2,250,000.

Several other hedge funds have also bought and sold shares of MDB. Transcendent Capital Group LLC acquired a new stake in MongoDB during the fourth quarter worth approximately $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB during the second quarter worth approximately $25,000. YHB Investment Advisors Inc. acquired a new stake in MongoDB during the first quarter worth approximately $41,000. Sunbelt Securities Inc. lifted its position in MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after acquiring an additional 76 shares during the last quarter. Finally, 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. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DA Davidson raised their price objective on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Piper Sandler raised their target price on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Sanford C. Bernstein raised their target price on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Finally, Stifel Nicolaus raised their target price on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $337.56.

MongoDB Stock Performance

Shares of MongoDB stock opened at $269.53 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The firm has a market capitalization of $19.77 billion, a P/E ratio of -95.92 and a beta of 1.15. The company’s 50 day moving average price is $260.86 and its two-hundred day moving average price is $295.21.

MongoDB (NASDAQ:MDB) last issued its 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. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the business posted ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the transaction, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $1,061,160.00. Following the completion of the transaction, the director now owns 1,142,006 shares in the company, valued at approximately $302,962,771.74. The disclosure for this sale can be found here. Insiders have sold 21,005 shares of company stock worth $5,557,746 over the last quarter. Corporate 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.