Dynamic Technology Lab Private Ltd Purchases New Position in MongoDB, Inc. (NASDAQ:MDB)

Dynamic Technology Lab Private Ltd acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,302 shares of the company’s stock, valued at approximately $1,433,000.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the period. Swedbank AB raised its position in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of MongoDB during the second quarter valued at approximately $52,131,000. Finally, Renaissance Technologies LLC grew its stake in MongoDB by 828.9% in the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock worth $45,743,000 after purchasing an additional 163,300 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on MDB shares. Scotiabank raised their price objective on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday, August 30th. DA Davidson lifted their price target on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Sanford C. Bernstein upped their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. UBS Group raised their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Morgan Stanley boosted their price target on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $336.54.

Insider Buying and Selling at MongoDB

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $290.40, for a total transaction of $290,400.00. Following the sale, the director now owns 1,138,006 shares in the company, valued at approximately $330,476,942.40. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,600 shares of company stock valued at $7,034,249. Insiders own 3.60% of the company’s stock.

MongoDB Trading Up 2.7 %

Shares of MDB stock opened at $341.36 on Tuesday. The stock has a market capitalization of $25.22 billion, a P/E ratio of -113.03 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $279.98 and its 200 day moving average is $271.41. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same period in the previous year, the company posted ($0.63) EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts expect that MongoDB, Inc. will post -2.39 earnings per share for the current year.

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.