Capstone Triton Financial Group LLC Decreases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Capstone Triton Financial Group LLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 49.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,689 shares of the company's stock after selling 4,583 shares during the period. Capstone Triton Financial Group LLC's holdings in MongoDB were worth $1,268,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MDB. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in MongoDB by 2.3% during the first 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 grew its holdings in MongoDB by 650.2% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,214 shares of the company's stock valued at $1,870,000 after purchasing an additional 4,519 shares during the last quarter. New Century Financial Group LLC grew its holdings in MongoDB by 9.5% during the 1st quarter. New Century Financial Group LLC now owns 610 shares of the company's stock valued at $219,000 after purchasing an additional 53 shares during the last quarter. Teamwork Financial Advisors LLC lifted its stake in MongoDB by 51.9% in the first quarter. Teamwork Financial Advisors LLC now owns 1,802 shares of the company's stock worth $646,000 after purchasing an additional 616 shares during the last quarter. Finally, SpiderRock Advisors LLC bought a new stake in MongoDB in the first quarter worth about $320,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDB shares. Piper Sandler increased their price target on MongoDB from $300.00 to $335.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Mizuho boosted their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. UBS Group upped their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Stifel Nicolaus lifted their price objective on shares of MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Wedbush raised shares of MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $337.96.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares of the company's stock, valued at $263,341,386. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares of the company's stock, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,385 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total transaction of $398,630.70. Following the sale, the director now directly owns 89,063 shares in the company, valued at $25,634,112.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,281 shares of company stock worth $6,310,411 in the last 90 days. Insiders own 3.60% of the company's stock.

MongoDB Stock Up 3.1 %

MongoDB stock traded up $8.49 during midday trading on Wednesday, reaching $283.70. The company's stock had a trading volume of 1,513,314 shares, compared to its average volume of 1,442,621. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The stock has a market capitalization of $20.81 billion, a P/E ratio of -97.94 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. The stock's 50-day simple moving average is $273.31 and its 200-day simple moving average is $280.29.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million during the quarter, compared to analysts' expectations of $465.03 million. During the same period last year, the business earned ($0.63) EPS. MongoDB's revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts expect that MongoDB, Inc. will post -2.39 EPS for the current year.

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.