Moody Lynn & Lieberson LLC Boosts Position in MongoDB, Inc. (NASDAQ:MDB)

Moody Lynn & Lieberson LLC increased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 35.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,345 shares of the company's stock after purchasing an additional 2,431 shares during the period. Moody Lynn & Lieberson LLC's holdings in MongoDB were worth $2,526,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the 2nd quarter worth $25,000. Sunbelt Securities Inc. raised its position in MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company's stock valued at $45,000 after buying an additional 76 shares during the last quarter. J.Safra Asset Management Corp raised its position in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock valued at $33,000 after buying an additional 116 shares during the last quarter. Quarry LP raised its position in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock valued at $33,000 after buying an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in MongoDB in the 2nd quarter valued at $35,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Up 2.0 %

Shares of MDB traded up $5.22 during trading hours on Friday, reaching $268.74. 1,045,142 shares of the company's stock traded hands, compared to its average volume of 1,449,527. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The firm's 50 day simple moving average is $272.21 and its 200-day simple moving average is $283.11.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.21. The company 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%. MongoDB's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.63) EPS. Sell-side analysts expect that MongoDB, Inc. will post -2.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MDB shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $350.00 target price on shares of MongoDB in a research report on Friday, August 30th. Tigress Financial decreased their target price on MongoDB from $500.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. Wedbush raised MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Truist Financial raised their target price on MongoDB from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $337.96.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the transaction, the chief accounting officer now directly owns 16,222 shares of the company's stock, valued at $4,589,041.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB 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 transaction, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at $23,313,925.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,281 shares of company stock valued at $6,310,411. Corporate insiders own 3.60% of the company's stock.

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.