Tyler Stone Wealth Management Acquires 1,828 Shares of MongoDB, Inc. (NASDAQ:MDB)

Tyler Stone Wealth Management boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 100.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,656 shares of the company's stock after buying an additional 1,828 shares during the period. Tyler Stone Wealth Management's holdings in MongoDB were worth $988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swedbank AB increased its holdings in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company's stock worth $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company's stock valued at $106,084,000 after acquiring an additional 388,979 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of MongoDB by 109.0% in the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company's stock valued at $159,625,000 after acquiring an additional 232,101 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of MongoDB in the second quarter valued at approximately $52,131,000. Finally, Renaissance Technologies LLC grew its holdings in shares of MongoDB by 828.9% in the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company's stock valued at $45,743,000 after acquiring an additional 163,300 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In related news, CRO Cedric Pech sold 302 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 transaction of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares of the company's stock, valued at $8,569,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, CAO Thomas Bull sold 154 shares of MongoDB 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 $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company's stock, valued at approximately $4,117,425. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 24,281 shares of company stock valued at $6,657,121 over the last 90 days. Corporate insiders own 3.60% of the company's stock.

MongoDB Stock Down 1.4 %

MDB traded down $4.08 on Friday, hitting $290.04. The company had a trading volume of 888,133 shares, compared to its average volume of 1,243,268. The stock has a fifty day simple moving average of $277.72 and a 200-day simple moving average of $276.45. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a market capitalization of $21.42 billion, a P/E ratio of -96.04 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 released 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. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the business earned ($0.63) earnings per share. The business's revenue was up 12.8% on a year-over-year basis. As a group, equities analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson upped their target price on MongoDB from $330.00 to $340.00 and gave the company a "buy" rating in a report on Friday, October 11th. Stifel Nicolaus upped their price objective on MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Piper Sandler upped their price objective on MongoDB from $300.00 to $335.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Bank of America increased their target price on MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Oppenheimer increased their target price on MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $334.25.

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.