Lighthouse Investment Partners LLC Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Lighthouse Investment Partners LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,000 shares of the company's stock, valued at approximately $2,250,000.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of MongoDB by 16.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,079 shares of the company's stock valued at $6,762,000 after acquiring an additional 3,836 shares in the last quarter. MBB Public Markets I LLC bought a new position in MongoDB during the 2nd quarter valued at $1,360,000. APG Asset Management N.V. increased its position in shares of MongoDB by 7.6% during the 2nd quarter. APG Asset Management N.V. now owns 61,241 shares of the company's stock valued at $14,283,000 after purchasing an additional 4,313 shares during the period. APG Asset Management US Inc. raised its stake in shares of MongoDB by 2.4% in the 2nd quarter. APG Asset Management US Inc. now owns 22,567 shares of the company's stock worth $5,947,000 after buying an additional 527 shares in the last quarter. Finally, Caxton Associates LP lifted its holdings in shares of MongoDB by 105.9% in the second quarter. Caxton Associates LP now owns 17,500 shares of the company's stock valued at $4,374,000 after buying an additional 9,000 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Down 1.1 %

MDB stock traded down $3.12 during mid-day trading on Friday, hitting $269.53. The stock had a trading volume of 698,112 shares, compared to its average volume of 1,468,700. The stock has a market capitalization of $19.77 billion, a price-to-earnings ratio of -95.92 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. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a fifty day moving average of $261.22 and a 200 day moving average of $294.53.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates 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 was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.63) earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDB. Wells Fargo & Company lifted their target price on MongoDB from $300.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Canaccord Genuity Group dropped their target price on shares of MongoDB from $435.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, May 31st. Stifel Nicolaus raised their target price on shares of MongoDB from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Loop Capital dropped their price target on MongoDB from $415.00 to $315.00 and set a "buy" rating on the stock in a report on Friday, May 31st. Finally, Morgan Stanley increased their price objective on MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $337.56.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 138 shares of the company's stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,005 shares of company stock worth $5,557,746. Corporate insiders own 3.60% of the company's stock.

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.