Stephens Investment Management Group LLC Grows Position in MongoDB, Inc. (NASDAQ:MDB)

Stephens Investment Management Group LLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 22.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,664 shares of the company’s stock after acquiring an additional 5,688 shares during the quarter. Stephens Investment Management Group LLC’s holdings in MongoDB were worth $8,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDB. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of MongoDB by 2.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,727 shares of the company’s stock valued at $65,533,000 after acquiring an additional 4,034 shares in the last quarter. Prosperity Consulting Group LLC bought a new position in shares of MongoDB during the first quarter valued at approximately $345,000. Janney Montgomery Scott LLC raised its holdings in shares of MongoDB by 36.5% during the first quarter. Janney Montgomery Scott LLC now owns 5,332 shares of the company’s stock valued at $1,912,000 after acquiring an additional 1,427 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of MongoDB during the first quarter valued at approximately $753,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of MongoDB by 6.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,199 shares of the company’s stock valued at $789,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 0.5 %

Shares of NASDAQ:MDB opened at $271.85 on Friday. The stock has a market capitalization of $20.08 billion, a price-to-earnings ratio of -90.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock’s 50-day simple moving average is $274.71 and its two-hundred day simple moving average is $279.72. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The business 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 business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm posted ($0.63) earnings per share. Analysts expect that MongoDB, Inc. will post -2.39 EPS for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s 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 $768,750.00. Following the completion of the transaction, the director now directly owns 1,131,006 shares in the company, valued at approximately $289,820,287.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $768,750.00. Following the completion of the sale, the director now owns 1,131,006 shares in the company, valued at approximately $289,820,287.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the transaction, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. 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 have sold 21,281 shares of company stock valued at $5,848,411. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MDB shares. Needham & Company LLC upped their target price on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup increased their price objective on MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. UBS Group increased their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Tigress Financial decreased their price objective on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Sanford C. Bernstein increased their price objective on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.96.

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.