Pursue Wealth Partners LLC Lowers Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Pursue Wealth Partners LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,440 shares of the company’s stock after selling 8,249 shares during the period. MongoDB comprises approximately 2.1% of Pursue Wealth Partners LLC’s holdings, making the stock its 12th largest position. Pursue Wealth Partners LLC’s holdings in MongoDB were worth $3,904,000 at the end of the most recent quarter.

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

MongoDB Trading Up 0.6 %

Shares of NASDAQ MDB opened at $272.00 on Friday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The firm’s 50-day moving average price is $274.22 and its two-hundred day moving average price is $280.24.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the company earned ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at $4,117,425. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other MongoDB news, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,281 shares of company stock worth $5,848,411. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of a number of recent research reports. Oppenheimer lifted their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Needham & Company LLC increased their target price on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Tigress Financial dropped their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Citigroup upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Sanford C. Bernstein boosted their target price on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $337.96.

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.