Stephens Investment Management Group LLC Purchases 5,688 Shares of MongoDB, Inc. (NASDAQ:MDB)

Stephens Investment Management Group LLC raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 22.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,664 shares of the company's stock after buying an additional 5,688 shares during the quarter. Stephens Investment Management Group LLC's holdings in MongoDB were worth $8,290,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDB. Sanctuary Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at approximately $1,860,000. Sycomore Asset Management grew its holdings in shares of MongoDB by 86.4% during the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company's stock valued at $12,884,000 after purchasing an additional 24,827 shares during the last quarter. Cetera Investment Advisers grew its holdings in MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company's stock worth $3,899,000 after acquiring an additional 8,330 shares during the last quarter. Jennison Associates LLC grew its holdings in MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company's stock worth $1,581,037,000 after acquiring an additional 551,567 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in MongoDB by 179.7% during the 1st quarter. SG Americas Securities LLC now owns 7,142 shares of the company's stock worth $2,561,000 after acquiring an additional 4,589 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at $23,313,925.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the sale, the director now directly owns 1,131,006 shares of the company's stock, valued at $289,820,287.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $23,313,925.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,281 shares of company stock valued at $5,848,411 over the last three months. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Up 0.5 %

Shares of NASDAQ MDB traded up $1.45 during trading on Friday, hitting $271.85. The stock had a trading volume of 1,035,517 shares, compared to its average volume of 1,254,713. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. 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 has a market capitalization of $20.08 billion, a PE ratio of -90.02 and a beta of 1.15. The firm has a fifty day moving average of $274.71 and a two-hundred day moving average of $279.23.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm's revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.63) earnings per share. As a group, equities research analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDB shares. JMP Securities reissued a "market outperform" rating and set a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. Scotiabank boosted their target price on shares of MongoDB from $250.00 to $295.00 and gave the stock a "sector perform" rating in a report on Friday, August 30th. Truist Financial boosted their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. DA Davidson boosted their price target on shares of MongoDB from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Finally, Mizuho boosted their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $337.96.

About MongoDB

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.