Prime Capital Investment Advisors LLC Grows Stake in MongoDB, Inc. (NASDAQ:MDB)

Prime Capital Investment Advisors LLC grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,190 shares of the company’s stock after purchasing an additional 59 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in MongoDB were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. MFA Wealth Advisors LLC acquired a new position in MongoDB during the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp increased its holdings in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares in the last quarter. Quarry LP increased its holdings in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in MongoDB in the 2nd quarter worth approximately $35,000. Finally, GAMMA Investing LLC boosted its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 4.1 %

Shares of NASDAQ:MDB opened at $279.77 on Friday. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of -92.64 and a beta of 1.15. The business’s 50 day moving average price is $278.10 and its 200-day moving average price is $274.93. 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, Inc. has a 1 year low of $212.74 and a 1 year 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, beating the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analyst estimates 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 for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.63) earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MDB shares. Oppenheimer raised their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Piper Sandler lifted their price target on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Mizuho increased their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Scotiabank lifted their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a report on Friday, August 30th. Finally, Barclays upped their target price on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research report on Friday. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.54.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now directly owns 1,138,006 shares in the company, valued at $330,476,942.40. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,281 shares of company stock worth $6,657,121. 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.