Pursue Wealth Partners LLC Decreases Stake in MongoDB, Inc. (NASDAQ:MDB)

Pursue Wealth Partners LLC cut its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 36.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,440 shares of the company's stock after selling 8,249 shares during the quarter. MongoDB comprises approximately 2.1% of Pursue Wealth Partners LLC's holdings, making the stock its 12th largest holding. Pursue Wealth Partners LLC's holdings in MongoDB were worth $3,904,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB during the second quarter valued at approximately $25,000. J.Safra Asset Management Corp raised its position in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after buying an additional 129 shares during the period. Hantz Financial Services Inc. bought a new position in shares of MongoDB during the 2nd quarter worth $35,000. Finally, GAMMA Investing LLC raised its holdings in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the transaction, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now directly owns 1,135,006 shares of the company's stock, valued at $330,048,394.74. 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, Director Dwight A. Merriman sold 1,385 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 89,063 shares of the company's stock, valued at $25,634,112.66. 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 three months, insiders sold 21,281 shares of company stock worth $5,848,411. Company insiders own 3.60% of the company's stock.

MongoDB Trading Up 0.5 %

NASDAQ:MDB traded up $1.45 on Friday, hitting $271.85. The stock had a trading volume of 1,035,495 shares, compared to its average volume of 1,439,134. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of -90.02 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $274.71 and a two-hundred day moving average price of $279.72.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly 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%. The firm's revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.63) earnings per share. Equities research analysts expect that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MDB. JMP Securities reiterated a "market outperform" rating and set a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Citigroup raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. DA Davidson lifted their price objective on MongoDB from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Stifel Nicolaus boosted their target price on shares of MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Tigress Financial cut their price target on MongoDB from $500.00 to $400.00 and set a "buy" rating for the company in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus price target of $337.96.

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.