Lecap Asset Management Ltd. Invests $2.69 Million in MongoDB, Inc. (NASDAQ:MDB)

Lecap Asset Management Ltd. bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,944 shares of the company's stock, valued at approximately $2,688,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of MongoDB by 1.0% in the first 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 during the period. Jennison Associates LLC grew its stake in shares of MongoDB by 14.3% in the first 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. Swedbank AB increased its position in shares of MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company's stock worth $164,222,000 after acquiring an additional 400,705 shares during the period. Champlain Investment Partners LLC raised its stake in shares of MongoDB by 22.4% in the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company's stock valued at $197,497,000 after acquiring an additional 100,725 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in MongoDB by 109.0% in the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company's stock valued at $159,625,000 after purchasing an additional 232,101 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $3.48 on Wednesday, hitting $260.96. The company had a trading volume of 1,587,772 shares, compared to its average volume of 1,454,589. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market cap of $19.14 billion, a PE ratio of -94.11 and a beta of 1.15. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The business has a 50 day moving average of $271.57 and a 200 day moving average of $283.41.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during 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%. MongoDB's revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.63) EPS. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction 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 approximately $4,589,041.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 1,385 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total value of $398,630.70. Following the completion of the sale, the director now owns 89,063 shares of the company's stock, valued at $25,634,112.66. This represents a 0.00 % 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, CAO Thomas Bull sold 1,000 shares of the firm'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 sale, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,281 shares of company stock valued at $6,310,411. Company insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MDB shares. Needham & Company LLC upped their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, August 30th. UBS Group upped their target price on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Oppenheimer raised their price target on MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. DA Davidson increased their price objective on MongoDB from $330.00 to $340.00 and gave the company a "buy" rating in a report on Friday, October 11th. Finally, Stifel Nicolaus lifted their target price on shares of MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $337.96.

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.