1,917 Shares in Mongodb Inc (NASDAQ:MDB) Purchased by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. acquired a new position in shares of Mongodb Inc (NASDAQ:MDB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,917 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently modified their holdings of MDB. BlackRock Inc. grew its stake in Mongodb by 138.7% in the 2nd quarter. BlackRock Inc. now owns 1,820,059 shares of the company’s stock worth $276,812,000 after acquiring an additional 1,057,430 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Mongodb by 690.1% in the second quarter. First Trust Advisors LP now owns 746,150 shares of the company’s stock worth $113,482,000 after buying an additional 651,708 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Mongodb by 24.4% in the second quarter. Vanguard Group Inc. now owns 3,125,593 shares of the company’s stock worth $475,372,000 after buying an additional 612,848 shares during the last quarter. Morgan Stanley raised its holdings in shares of Mongodb by 9.1% in the second quarter. Morgan Stanley now owns 5,731,123 shares of the company’s stock worth $871,646,000 after buying an additional 479,368 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Mongodb by 557.4% during the second quarter. Invesco Ltd. now owns 424,736 shares of the company’s stock worth $64,598,000 after purchasing an additional 360,129 shares during the last quarter. Institutional investors and hedge funds own 71.66% of the company’s stock.

Shares of NASDAQ MDB traded up $2.37 during trading on Friday, hitting $126.13. The company had a trading volume of 690,900 shares, compared to its average volume of 1,477,185. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $126.41 and a two-hundred day simple moving average of $141.98. Mongodb Inc has a fifty-two week low of $65.62 and a fifty-two week high of $184.78. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of -73.33 and a beta of 0.07.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.07). Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The business had revenue of $99.40 million for the quarter, compared to the consensus estimate of $91.70 million. During the same quarter in the prior year, the business earned ($0.41) EPS. The firm’s revenue for the quarter was up 66.8% on a year-over-year basis. On average, analysts anticipate that Mongodb Inc will post -2.26 earnings per share for the current year.

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In other Mongodb news, CEO Dev Ittycheria sold 28,745 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $118.90, for a total transaction of $3,417,780.50. Also, CFO Michael Lawrence Gordon sold 3,207 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $116.55, for a total transaction of $373,775.85. Insiders sold a total of 162,162 shares of company stock worth $21,053,675 over the last ninety days. 40.04% of the stock is currently owned by insiders.

Several brokerages recently issued reports on MDB. ValuEngine cut shares of Mongodb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Barclays restated a “buy” rating on shares of Mongodb in a research report on Friday, September 6th. Morgan Stanley dropped their price target on shares of Mongodb from $160.00 to $150.00 and set a “weight” rating on the stock in a research report on Wednesday, October 16th. Oppenheimer dropped their price target on shares of Mongodb from $180.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Zacks Investment Research upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $162.64.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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