Independent Advisor Alliance Has $410,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Independent Advisor Alliance lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,516 shares of the company’s stock after buying an additional 76 shares during the period. Independent Advisor Alliance’s holdings in MongoDB were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at $25,000. J.Safra Asset Management Corp raised its stake in MongoDB by 682.4% in the second 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 lifted its position in MongoDB by 2,580.0% during the second 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 MongoDB during the second quarter worth about $35,000. Finally, GAMMA Investing LLC increased its holdings in MongoDB by 178.8% in 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 during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 3.2 %

Shares of MDB stock opened at $324.60 on Friday. The stock has a 50-day moving average of $282.65 and a 200-day moving average of $272.02. 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 $23.98 billion, a price-to-earnings ratio of -107.48 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the business earned ($0.63) EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on MDB shares. Citigroup increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Piper Sandler lifted their price target on MongoDB from $335.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday. Needham & Company LLC upped their price objective on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays raised their price objective on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus boosted their target price on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the business’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 $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at $4,117,425. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock worth $7,442,189 over the last three months. 3.60% of the stock is owned by company insiders.

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.