Symmetry Partners LLC purchased a new stake in Mongodb Inc (NASDAQ:MDB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,577 shares of the company’s stock, valued at approximately $310,000.
Other hedge funds also recently bought and sold shares of the company. Creative Planning lifted its holdings in Mongodb by 25.7% during the 3rd quarter. Creative Planning now owns 2,420 shares of the company’s stock worth $292,000 after purchasing an additional 495 shares during the last quarter. Alexandria Capital LLC grew its holdings in shares of Mongodb by 2.1% in the third quarter. Alexandria Capital LLC now owns 20,069 shares of the company’s stock valued at $2,418,000 after acquiring an additional 411 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Mongodb by 151.2% in the third quarter. IFM Investors Pty Ltd now owns 5,302 shares of the company’s stock valued at $639,000 after acquiring an additional 3,191 shares in the last quarter. Wetherby Asset Management Inc. bought a new position in shares of Mongodb in the third quarter valued at approximately $231,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Mongodb by 14.4% in the third quarter. Oppenheimer & Co. Inc. now owns 2,828 shares of the company’s stock valued at $341,000 after acquiring an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 71.66% of the company’s stock.
Shares of MDB stock traded up $2.25 during mid-day trading on Friday, reaching $126.01. 37,056 shares of the company’s stock traded hands, compared to its average volume of 1,210,172. The firm has a market capitalization of $7.04 billion, a PE ratio of -73.34 and a beta of 0.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a 50 day moving average price of $126.52 and a two-hundred day moving average price of $141.98. Mongodb Inc has a 12 month low of $65.62 and a 12 month high of $184.78.
Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.07). The firm had revenue of $99.40 million during the quarter, compared to the consensus estimate of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The company’s quarterly revenue was up 66.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.41) EPS. As a group, equities analysts expect that Mongodb Inc will post -2.26 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a report on Wednesday, October 16th. Oppenheimer reduced their price objective on Mongodb from $180.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Monness Crespi & Hardt set a $185.00 price objective on Mongodb and gave the company a “buy” rating in a report on Friday, August 30th. Zacks Investment Research raised Mongodb from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Citigroup increased their price objective on Mongodb from $184.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $162.64.
In other news, CRO Cedric Pech sold 1,924 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $130.17, for a total transaction of $250,447.08. Also, CFO Michael Lawrence Gordon sold 3,207 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $116.55, for a total transaction of $373,775.85. In the last quarter, insiders sold 162,162 shares of company stock worth $21,053,675. Corporate insiders own 40.04% of the company’s stock.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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