Curi RMB Capital LLC Boosts Holdings in MongoDB, Inc. (NASDAQ:MDB)

Curi RMB Capital LLC increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 11.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,872 shares of the company’s stock after purchasing an additional 2,362 shares during the quarter. Curi RMB Capital LLC’s holdings in MongoDB were worth $6,183,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Planning Capital Management Corp lifted its position in MongoDB by 1,820.0% in the third quarter. Planning Capital Management Corp now owns 192 shares of the company’s stock valued at $52,000 after buying an additional 182 shares during the last quarter. KBC Group NV raised its stake in shares of MongoDB by 3.5% in the 3rd quarter. KBC Group NV now owns 17,189 shares of the company’s stock valued at $4,647,000 after acquiring an additional 579 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of MongoDB by 19.8% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 964 shares of the company’s stock worth $261,000 after acquiring an additional 159 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of MongoDB by 10.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,044 shares of the company’s stock worth $1,904,000 after purchasing an additional 679 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in MongoDB in the 3rd quarter valued at approximately $1,045,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the completion of the sale, the director now directly owns 1,127,006 shares of the company’s stock, valued at $303,807,007.42. This represents a 0.27 % 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, 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 sale, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,281 shares of company stock valued at $6,657,121 over the last quarter. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wedbush upgraded MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley lifted their target price on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Truist Financial increased their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. DA Davidson lifted their price objective on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $334.25.

MongoDB Trading Down 3.1 %

Shares of MongoDB stock opened at $291.59 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a fifty day simple moving average of $278.11 and a 200-day simple moving average of $275.45. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the company posted ($0.63) earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts expect that MongoDB, Inc. will post -2.39 earnings per share for the current year.

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.