Virtu Financial LLC Has $2.71 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Virtu Financial LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 351.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,016 shares of the company's stock after acquiring an additional 7,796 shares during the period. Virtu Financial LLC's holdings in MongoDB were worth $2,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $25,000. J.Safra Asset Management Corp boosted its holdings in MongoDB by 682.4% in the second 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 during the period. Quarry LP grew its holdings in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in MongoDB in the second quarter valued at $35,000. Finally, Brooklyn Investment Group acquired a new position in MongoDB in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $8.53 during trading on Thursday, reaching $288.67. 2,066,740 shares of the company's stock traded hands, compared to its average volume of 1,516,573. 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 50 day moving average of $292.42 and a 200-day moving average of $268.98. The stock has a market capitalization of $21.32 billion, a P/E ratio of -98.41 and a beta of 1.17.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the business earned $0.96 EPS. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -2.37 EPS for the current year.

Insider Activity

In other MongoDB news, CRO Cedric Pech sold 302 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $8,569,000. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 154 shares of the company'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 $39,462.50. Following the completion of the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,600 shares of company stock worth $7,611,849. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research analyst reports. Macquarie began coverage on MongoDB in a research report on Thursday. They set a "neutral" rating and a $300.00 price target on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $425.00 price objective on shares of MongoDB in a research note on Tuesday. Scotiabank increased their price target on shares of MongoDB from $295.00 to $350.00 and gave the company a "sector perform" rating in a research report on Tuesday. Needham & Company LLC raised their target price on shares of MongoDB from $335.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Barclays increased their price target on shares of MongoDB from $375.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $370.08.

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.