Y Intercept Hong Kong Ltd Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Y Intercept Hong Kong Ltd acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, Holdings Channel reports. The firm acquired 8,639 shares of the company’s stock, valued at approximately $2,336,000.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Swedbank AB grew its holdings in shares of MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup raised their price objective on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Mizuho raised their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Loop Capital raised their price objective on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Needham & Company LLC raised their price objective on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $345.71.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 154 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was 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 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,600 shares of company stock worth $7,255,929 in the last quarter. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

Shares of MDB opened at $350.13 on Tuesday. The firm’s fifty day simple moving average is $290.90 and its two-hundred day simple moving average is $269.20. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $25.86 billion, a P/E ratio of -115.94 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. As a group, analysts predict that MongoDB, Inc. will post -2.37 EPS for the current year.

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.