Intellectus Partners LLC Boosts Position in MongoDB, Inc. (NASDAQ:MDB)

Intellectus Partners LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,982 shares of the company’s stock after buying an additional 182 shares during the period. Intellectus Partners LLC’s holdings in MongoDB were worth $698,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after acquiring an additional 372 shares in the last quarter. Jones Financial Companies Lllp raised its position in MongoDB by 68.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company’s stock valued at $237,000 after purchasing an additional 413 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after purchasing an additional 134 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of MongoDB by 12.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company’s stock worth $272,000 after purchasing an additional 133 shares in the last quarter. Finally, Stanley Laman Group Ltd. purchased a new stake in shares of MongoDB in the fourth quarter worth about $7,520,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Bank of America lifted their price objective on shares of MongoDB from $215.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday. Daiwa Capital Markets initiated coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price for the company. Oppenheimer lowered their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $345.00 price objective on shares of MongoDB in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.47.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $220.14 on Friday. The company’s fifty day moving average is $176.52 and its two-hundred day moving average is $229.93. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of -80.34 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. MongoDB’s quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the transaction, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at $46,597,930.48. The trade was a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,203 shares of company stock worth $3,848,569. 3.10% of the stock is currently owned by company insiders.

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.