Aigen Investment Management LP Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Aigen Investment Management LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,866 shares of the company's stock, valued at approximately $1,045,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDB. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the 2nd quarter valued at $25,000. J.Safra Asset Management Corp boosted its position in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP boosted its position in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of MongoDB in the 2nd quarter worth $35,000. Finally, GAMMA Investing LLC boosted its position in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after purchasing an additional 93 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Oppenheimer raised their price objective on MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Wells Fargo & Company lifted their price target on MongoDB from $300.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Stifel Nicolaus lifted their price target on MongoDB from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Bank of America lifted their price target on MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, JMP Securities reiterated a "market outperform" rating and set a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus price target of $334.25.

MongoDB Price Performance

Shares of MongoDB stock traded up $9.24 on Wednesday, hitting $300.89. 2,528,931 shares of the company were exchanged, compared to its average volume of 1,429,430. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of -99.63 and a beta of 1.15. The company has a 50-day moving average price of $277.90 and a 200 day moving average price of $275.28. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping 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 company had revenue of $478.11 million for the quarter, compared to analysts' expectations of $465.03 million. During the same period in the prior year, the firm earned ($0.63) earnings per share. The firm's revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 80,307 shares in the company, valued at $23,313,925.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares in the company, valued at approximately $23,313,925.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 3,556 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $911,225.00. Following the sale, the chief executive officer now owns 219,875 shares of the company's stock, valued at $56,342,968.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is currently owned by company 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.