Inceptionr LLC Makes New $416,000 Investment in MongoDB, Inc. $MDB

Inceptionr LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,979 shares of the company’s stock, valued at approximately $416,000.

Several other large investors also recently modified their holdings of MDB. Parallel Advisors LLC raised its position in shares of MongoDB by 20.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after acquiring an additional 249 shares in the last quarter. Acadian Asset Management LLC increased its holdings in MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Red Spruce Capital LLC lifted its stake in MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after buying an additional 1,426 shares during the period. Triton Financial Group Inc bought a new position in shares of MongoDB during the 2nd quarter worth approximately $782,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of MongoDB by 875.2% during the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after buying an additional 8,927 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Up 2.0%

MDB stock opened at $332.81 on Friday. The firm has a market capitalization of $27.08 billion, a PE ratio of -339.60 and a beta of 1.52. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44. The stock’s 50 day moving average is $333.41 and its 200-day moving average is $266.90.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director directly owned 24,308 shares in the company, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 91,172 shares of company stock worth $29,794,336. 3.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MDB shares. Macquarie raised their price target on shares of MongoDB from $265.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. Robert W. Baird boosted their target price on MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $385.00 price target on shares of MongoDB in a research note on Tuesday. Cantor Fitzgerald raised their price objective on MongoDB from $312.00 to $406.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Finally, Citizens Jmp boosted their price objective on MongoDB from $375.00 to $435.00 and gave the company a “market outperform” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.39.

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.