MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,872 shares of the company's stock after acquiring an additional 2,362 shares during the quarter. Curi RMB Capital LLC's holdings in MongoDB were worth $6,183,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in MongoDB by 75.4% in the 1st quarter. Empowered Funds LLC now owns 1,121 shares of the company's stock worth $402,000 after acquiring an additional 482 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of MongoDB by 8.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 76,680 shares of the company's stock valued at $27,501,000 after purchasing an additional 5,847 shares during the period. Intech Investment Management LLC increased its stake in shares of MongoDB by 40.0% in the first quarter. Intech Investment Management LLC now owns 5,814 shares of the company's stock worth $2,085,000 after acquiring an additional 1,661 shares during the period. Westfield Capital Management Co. LP grew its holdings in MongoDB by 50.5% during the first quarter. Westfield Capital Management Co. LP now owns 221,858 shares of the company's stock worth $79,567,000 after acquiring an additional 74,481 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of MongoDB by 1.0% during 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 in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of MongoDB from $290.00 to $345.00 and gave the company an "overweight" rating in a research report on Friday. Piper Sandler boosted their price target on shares of MongoDB from $300.00 to $335.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Morgan Stanley raised their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Citigroup boosted their target price on shares of MongoDB from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $336.54.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $269.57, for a total value of $808,710.00. Following the completion of the sale, the director now owns 1,127,006 shares of the company's stock, valued at $303,807,007.42. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now 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 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 company insiders.

MongoDB Price Performance

MongoDB stock traded down $11.82 during trading hours on Friday, hitting $279.77. The stock had a trading volume of 1,763,926 shares, compared to its average volume of 1,432,002. 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 fifty day moving average is $278.14 and its two-hundred day moving average is $275.57. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of -92.64 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 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 quarter in the previous year, the business earned ($0.63) earnings per share. The business's revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal 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.