Captrust Financial Advisors Raises Holdings in MongoDB, Inc. (NASDAQ:MDB)

Captrust Financial Advisors increased its position in MongoDB, Inc. (NASDAQ:MDB) by 19.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,445 shares of the company’s stock after purchasing an additional 231 shares during the period. Captrust Financial Advisors’ holdings in MongoDB were worth $391,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDB. Aigen Investment Management LP purchased a new stake in shares of MongoDB in the third quarter valued at about $1,045,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MongoDB in the 3rd quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. raised its stake in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after acquiring an additional 7,575 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in MongoDB during the 2nd quarter worth approximately $1,860,000. Finally, Sycomore Asset Management increased its holdings in shares of MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on MDB shares. Piper Sandler reissued an “overweight” rating and set a $425.00 price target on shares of MongoDB in a report on Tuesday. KeyCorp raised their price target on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Needham & Company LLC upped their price objective on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley raised their target price on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Bank of America upped their price target on shares of MongoDB from $300.00 to $350.00 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, six have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $370.08.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the sale, the director now directly owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 154 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,600 shares of company stock worth $7,611,849 in the last quarter. 3.60% of the stock is owned by corporate insiders.

MongoDB Price Performance

NASDAQ MDB opened at $267.19 on Friday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The firm has a market capitalization of $19.74 billion, a P/E ratio of -97.51 and a beta of 1.17. The business’s 50-day simple moving average is $293.13 and its 200-day simple moving average is $269.12.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities research analysts expect that MongoDB, Inc. will post -2.29 EPS for the current fiscal 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.