Metis Global Partners LLC Boosts Stake in MongoDB, Inc. (NASDAQ:MDB)

Metis Global Partners LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 27.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,319 shares of the company’s stock after purchasing an additional 494 shares during the quarter. Metis Global Partners LLC’s holdings in MongoDB were worth $627,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in shares of MongoDB by 40.0% during the 1st quarter. Intech Investment Management LLC now owns 5,814 shares of the company’s stock valued at $2,085,000 after buying an additional 1,661 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of MongoDB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after purchasing an additional 68,348 shares during the last quarter. Cynosure Group LLC bought a new stake in shares of MongoDB in the 1st quarter valued at approximately $313,000. O Shaughnessy Asset Management LLC increased its position in shares of MongoDB by 21.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,150 shares of the company’s stock valued at $771,000 after purchasing an additional 385 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in MongoDB by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after buying an additional 232,101 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $279.77 on Monday. The company has a market cap of $20.67 billion, a P/E ratio of -92.64 and a beta of 1.15. 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 stock’s 50-day moving average is $278.10 and its 200 day moving average is $274.30. 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 for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business earned ($0.63) EPS. Research analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $269.57, for a total transaction of $808,710.00. Following the transaction, the director now owns 1,127,006 shares in the company, valued at $303,807,007.42. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Wells Fargo & Company increased their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley boosted 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. Barclays increased their price target on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein boosted their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.54.

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.