Wealth Enhancement Advisory Services LLC Decreases Stake in MongoDB, Inc. (NASDAQ:MDB)

Wealth Enhancement Advisory Services LLC decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,289 shares of the company's stock after selling 1,911 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in MongoDB were worth $6,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. Advisors Asset Management Inc. grew its position in shares of MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company's stock valued at $116,000 after purchasing an additional 37 shares in the last quarter. Atria Investments Inc increased its stake in MongoDB by 1.2% in the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company's stock worth $1,169,000 after acquiring an additional 39 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings in shares of MongoDB by 0.4% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company's stock valued at $2,475,000 after acquiring an additional 42 shares in the last quarter. Tanager Wealth Management LLP increased its position in shares of MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock worth $259,000 after purchasing an additional 43 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of MongoDB by 7.6% in the second quarter. Fifth Third Bancorp now owns 620 shares of the company's stock worth $155,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Performance

NASDAQ MDB traded down $13.30 during trading hours on Thursday, hitting $270.40. The company's stock had a trading volume of 1,094,477 shares, compared to its average volume of 1,441,014. 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 company's 50 day simple moving average is $273.75 and its two-hundred day simple moving average is $280.31. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market cap of $19.83 billion, a P/E ratio of -99.64 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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. 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 earned ($0.63) EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on MDB shares. JMP Securities reissued a "market outperform" rating and issued a $380.00 target price on shares of MongoDB in a research note on Friday, August 30th. Sanford C. Bernstein raised their price objective on MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Piper Sandler boosted their target price on MongoDB from $300.00 to $335.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Morgan Stanley raised their price target on MongoDB from $320.00 to $340.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Finally, Oppenheimer boosted their price objective on MongoDB from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $337.96.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, 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 transaction, the chief accounting officer now owns 16,222 shares of the company's stock, valued at $4,589,041.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $23,313,925.17. 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 three months. 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.