Semanteon Capital Management LP Buys Shares of 4,203 MongoDB, Inc. (NASDAQ:MDB)

Semanteon Capital Management LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,203 shares of the company's stock, valued at approximately $1,136,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its stake in shares of MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company's stock valued at $45,000 after acquiring an additional 76 shares during the period. Diversified Trust Co boosted its stake in shares of MongoDB by 19.0% in the 1st quarter. Diversified Trust Co now owns 4,111 shares of the company's stock valued at $1,474,000 after purchasing an additional 657 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of MongoDB by 2.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,727 shares of the company's stock worth $65,533,000 after buying an additional 4,034 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of MongoDB by 650.2% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,214 shares of the company's stock worth $1,870,000 after buying an additional 4,519 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new position in MongoDB in the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of analyst reports. Wedbush raised shares of MongoDB to a "strong-buy" rating in a report on Thursday, October 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $350.00 price objective on shares of MongoDB in a report on Friday, August 30th. Morgan Stanley boosted their target price on MongoDB from $320.00 to $340.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Truist Financial increased their price target on shares of MongoDB from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein boosted their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.96.

Insider Buying and Selling at MongoDB

In related news, CRO Cedric Pech sold 302 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the transaction, the executive now owns 33,440 shares in the company, valued at approximately $8,569,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CRO Cedric Pech sold 302 shares of the firm's 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 transaction, the executive now directly owns 33,440 shares of the company's stock, valued at approximately $8,569,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated 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 owns 1,140,006 shares of the company's stock, valued at $263,341,386. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,281 shares of company stock valued at $6,310,411 in the last quarter. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MDB stock traded up $3.44 during trading hours on Monday, reaching $272.18. The stock had a trading volume of 708,631 shares, compared to its average volume of 1,446,083. The stock has a 50-day simple moving average of $272.56 and a 200 day simple moving average of $281.42. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The stock has a market capitalization of $20.11 billion, a PE ratio of -90.88 and a beta of 1.15. 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 issued its 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. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB's revenue was up 12.8% on a year-over-year basis. During the same period last year, the business posted ($0.63) EPS. Analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

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.