Versor Investments LP Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Versor Investments LP bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, HoldingsChannel.com reports. The firm bought 1,495 shares of the company’s stock, valued at approximately $404,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in shares of MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP boosted its position in shares of 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. bought a new position in MongoDB in the second quarter valued at approximately $35,000. Finally, GAMMA Investing LLC raised its position in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDB. UBS Group lifted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Royal Bank of Canada reissued an “outperform” rating and set a $350.00 target price on shares of MongoDB in a research note on Friday, August 30th. Oppenheimer boosted their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Citigroup boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, DA Davidson boosted their target price on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $334.25.

Insider Activity at MongoDB

In other MongoDB news, CRO Cedric Pech sold 302 shares of the 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 $77,387.50. Following the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the 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 transaction, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,281 shares of company stock worth $6,657,121 over the last ninety days. Insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $291.59 on Friday. The business’s 50 day simple moving average is $278.11 and its 200 day simple moving average is $275.45. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The stock has a market capitalization of $21.54 billion, a PE ratio of -98.02 and a beta of 1.15. 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 announced its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the prior year, the business posted ($0.63) earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current year.

MongoDB 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.