Scientech Research LLC Invests $3.60 Million in MongoDB, Inc. (NASDAQ:MDB)

Scientech Research LLC purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 14,394 shares of the company's stock, valued at approximately $3,598,000. MongoDB accounts for about 0.7% of Scientech Research LLC's portfolio, making the stock its 6th largest position.

Several other institutional investors have also modified their holdings of MDB. Vanguard Group Inc. raised its position in MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company's stock worth $2,797,521,000 after acquiring an additional 194,148 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in MongoDB during the 4th quarter valued at $10,545,000. Prudential PLC increased its position in MongoDB by 2.4% during the fourth quarter. Prudential PLC now owns 21,169 shares of the company's stock worth $8,655,000 after buying an additional 489 shares in the last quarter. Bornite Capital Management LP acquired a new position in shares of MongoDB in the fourth quarter worth $6,133,000. Finally, Pinebridge Investments L.P. boosted its stake in shares of MongoDB by 75.1% during the fourth quarter. Pinebridge Investments L.P. now owns 20,845 shares of the company's stock valued at $8,522,000 after acquiring an additional 8,937 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Stock Down 1.1 %

NASDAQ:MDB traded down $3.07 during mid-day trading on Friday, reaching $269.58. The stock had a trading volume of 458,501 shares, compared to its average volume of 1,467,425. 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 company has a market capitalization of $19.77 billion, a price-to-earnings ratio of -97.30 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock's 50 day simple moving average is $260.86 and its two-hundred day simple moving average is $295.21.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the company posted ($0.63) EPS. The business's revenue was up 12.8% compared to the same quarter last year. Equities analysts anticipate that MongoDB, Inc. will post -2.44 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on MDB shares. UBS Group upped their price objective 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. Wells Fargo & Company lifted their price target on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Bank of America increased their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Morgan Stanley boosted their target price on shares of MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Finally, Oppenheimer increased their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $337.56.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares in the company, valued at approximately $263,341,386. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction dated 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 owns 16,222 shares of the company's stock, valued at $4,589,041.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the transaction, the director now directly owns 1,140,006 shares in the company, valued at approximately $263,341,386. The disclosure for this sale can be found here. Insiders have sold 21,005 shares of company stock valued at $5,557,746 over the last quarter. Insiders own 3.60% of the company's stock.

About MongoDB

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.