MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,559 shares of the company's stock after selling 3,214 shares during the period. Assetmark Inc.'s holdings in MongoDB were worth $6,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MDB. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB during the second quarter worth $25,000. J.Safra Asset Management Corp increased its position in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock valued at $33,000 after buying an additional 116 shares in the last quarter. Quarry LP boosted its stake 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 buying an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in MongoDB during the 2nd quarter valued at $35,000. Finally, GAMMA Investing LLC grew its position in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

NASDAQ:MDB traded up $0.08 during trading hours on Tuesday, reaching $291.65. The company had a trading volume of 1,284,599 shares, compared to its average volume of 1,424,416. 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, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The firm has a market cap of $21.54 billion, a PE ratio of -96.09 and a beta of 1.15. The business's 50 day moving average price is $277.73 and its 200-day moving average price is $275.92.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm'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 forecast that MongoDB, Inc. will post -2.39 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MDB. DA Davidson raised their target price on shares of MongoDB from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Truist Financial increased their price objective on shares of MongoDB from $300.00 to $320.00 and gave the company a "buy" rating in a report on Friday, August 30th. Morgan Stanley lifted their price target on shares of MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Stifel Nicolaus raised their price target on MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Oppenheimer raised their price target on MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $334.25.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 154 shares of the firm's 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 $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares of the company's stock, valued at $4,117,425. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at approximately $23,313,925.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 154 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company's stock, valued at approximately $4,117,425. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,281 shares of company stock worth $6,657,121. 3.60% of the stock is owned by 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.