Sanctuary Advisors LLC Buys Shares of 7,442 MongoDB, Inc. (NASDAQ:MDB)

Sanctuary Advisors LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,442 shares of the company's stock, valued at approximately $1,860,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company's stock valued at $2,797,521,000 after purchasing an additional 194,148 shares in the last quarter. Sycomore Asset Management lifted its holdings in MongoDB by 86.4% during the second quarter. Sycomore Asset Management now owns 53,568 shares of the company's stock worth $12,884,000 after buying an additional 24,827 shares during the period. Bornite Capital Management LP bought a new stake in MongoDB during the 4th quarter valued at $6,133,000. Cetera Investment Advisers increased its holdings in shares of MongoDB by 327.6% in the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company's stock valued at $3,899,000 after acquiring an additional 8,330 shares during the period. Finally, Jennison Associates LLC raised its position in shares of MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company's stock worth $1,581,037,000 after acquiring an additional 551,567 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 1,140,006 shares in the company, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the sale, the director now owns 1,140,006 shares of the company's stock, valued at $263,341,386. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares of the company's stock, valued at $8,569,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,896 shares of company stock worth $4,187,260 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

MDB stock traded up $16.03 during midday trading on Wednesday, hitting $275.49. 1,303,369 shares of the stock traded hands, compared to its average volume of 1,450,215. The stock's fifty day simple moving average is $262.87 and its 200-day simple moving average is $288.51. The firm has a market cap of $20.21 billion, a P/E ratio of -98.04 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 company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts' expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company's quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned ($0.63) EPS. On average, analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MDB shares. Bank of America lifted their target price on MongoDB from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Needham & Company LLC increased their target price on shares of MongoDB from $290.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Scotiabank lifted their price target on shares of MongoDB from $250.00 to $295.00 and gave the stock a "sector perform" rating in a report on Friday, August 30th. Tigress Financial decreased their price objective on MongoDB from $500.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Finally, UBS Group boosted their target price on MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $337.56.

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.