Aigen Investment Management LP Invests $1.05 Million in MongoDB, Inc. (NASDAQ:MDB)

Aigen Investment Management LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,866 shares of the company’s stock, valued at approximately $1,045,000.

A number of other large investors have also recently bought and sold shares of MDB. Advisors Asset Management Inc. lifted its holdings in shares of MongoDB by 12.9% in the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after purchasing an additional 37 shares during the last quarter. Atria Investments Inc grew its position in shares of MongoDB by 1.2% during the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after acquiring an additional 39 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after acquiring an additional 40 shares during the period. Taylor Frigon Capital Management LLC boosted its stake in MongoDB by 0.4% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock valued at $2,475,000 after purchasing an additional 42 shares during the period. Finally, Tanager Wealth Management LLP grew its position in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

NASDAQ MDB opened at $291.65 on Wednesday. The company has a 50 day simple moving average of $277.73 and a 200-day simple moving average of $275.92. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.63) earnings per share. Research analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. UBS Group raised their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Scotiabank raised their price objective on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $334.25.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at $4,589,041.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 3,556 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the completion of the transaction, the chief executive officer now directly owns 219,875 shares in the company, valued at approximately $56,342,968.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is currently owned by corporate insiders.

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.