Brooklyn Investment Group Purchases New Position in MongoDB, Inc. (NASDAQ:MDB)

Brooklyn Investment Group purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 134 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also recently made changes to their positions in MDB. Jennison Associates LLC lifted its stake in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Swedbank AB lifted its stake in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in MongoDB by 1.5% in the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in MongoDB by 16.4% in the second quarter. Blair William & Co. IL now owns 315,830 shares of the company’s stock worth $78,945,000 after purchasing an additional 44,608 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MDB shares. UBS Group lifted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Mizuho lifted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research note on Friday, August 30th. Bank of America lifted their price target on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Wedbush raised shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

MongoDB Trading Down 0.7 %

NASDAQ MDB opened at $322.49 on Friday. The company has a market capitalization of $23.82 billion, a PE ratio of -106.78 and a beta of 1.15. The company has a fifty day moving average of $283.54 and a 200 day moving average of $271.77. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year 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.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.63) earnings per share. Research analysts forecast that MongoDB, Inc. will post -2.37 earnings per share for the current year.

Insiders Place Their Bets

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 value of $1,451,550.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares in the company, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at $4,589,041.58. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,600 shares of company stock worth $7,442,189. Company insiders own 3.60% of the company’s stock.

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.