L & S Advisors Inc Has $1.56 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

L & S Advisors Inc boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 250.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,755 shares of the company’s stock after acquiring an additional 4,113 shares during the period. L & S Advisors Inc’s holdings in MongoDB were worth $1,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new position in shares of MongoDB during the third quarter valued at about $1,045,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MongoDB during the third quarter valued at about $4,366,000. Sanctuary Advisors LLC bought a new stake in MongoDB in the second quarter valued at about $1,860,000. Sycomore Asset Management increased its stake in MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after acquiring an additional 24,827 shares during the period. Finally, Cetera Investment Advisers increased its stake in MongoDB by 327.6% in the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after acquiring an additional 8,330 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MDB. DA Davidson upped their price objective on shares of MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Morgan Stanley upped their target price on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Sanford C. Bernstein upped their target price on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Piper Sandler upped their target price on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Citigroup upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $336.54.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 302 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,600 shares of company stock valued at $7,034,249. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

MDB opened at $314.86 on Friday. The firm has a market cap of $23.26 billion, a P/E ratio of -104.26 and a beta of 1.15. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week 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 firm has a 50-day moving average of $277.71 and a 200 day moving average of $272.59.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.63) earnings per share. On average, research analysts expect that MongoDB, Inc. will post -2.39 EPS 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.