MongoDB, Inc. (NASDAQ:MDB) Holdings Boosted by Rakuten Securities Inc.

Rakuten Securities Inc. raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332 shares of the company’s stock after acquiring an additional 47 shares during the period. Rakuten Securities Inc.’s holdings in MongoDB were worth $90,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MDB. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB in the 2nd quarter worth about $25,000. J.Safra Asset Management Corp increased its stake in shares of MongoDB by 682.4% in 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 period. Quarry LP raised 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 buying an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new position in MongoDB in the 2nd quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its position in 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 period. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 0.0 %

MDB opened at $291.65 on Wednesday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock has a fifty day moving average of $277.73 and a 200-day moving average of $275.92.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted ($0.63) EPS. As a group, research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $269.57, for a total transaction of $808,710.00. Following the transaction, the director now directly owns 1,127,006 shares in the company, valued at $303,807,007.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the completion of the sale, the director now directly owns 1,127,006 shares in the company, valued at $303,807,007.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,385 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total value of $398,630.70. Following the completion of the transaction, the director now owns 89,063 shares in the company, valued at $25,634,112.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,281 shares of company stock worth $6,657,121 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of analyst reports. Piper Sandler boosted 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 target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Scotiabank upped their price target on shares of MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Finally, UBS Group raised their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $334.25.

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.