SYSTM Wealth Solutions LLC Acquires 4,588 Shares of MongoDB, Inc. (NASDAQ:MDB)

SYSTM Wealth Solutions LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 68.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,338 shares of the company’s stock after acquiring an additional 4,588 shares during the period. SYSTM Wealth Solutions LLC’s holdings in MongoDB were worth $2,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA increased its position in shares of MongoDB by 5.3% during the second quarter. Primecap Management Co. CA now owns 70,700 shares of the company’s stock valued at $17,672,000 after acquiring an additional 3,550 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of MongoDB by 828.9% during the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock valued at $45,743,000 after acquiring an additional 163,300 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in shares of MongoDB during the second quarter valued at approximately $6,012,000. Dimensional Fund Advisors LP increased its position in shares of MongoDB by 19.2% during the second quarter. Dimensional Fund Advisors LP now owns 111,487 shares of the company’s stock valued at $27,865,000 after acquiring an additional 17,990 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of MongoDB by 13.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,365 shares of the company’s stock valued at $1,591,000 after acquiring an additional 741 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the sale, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,005 shares of company stock worth $8,082,746. Insiders own 3.60% of the company’s stock.

MongoDB Stock Down 1.1 %

MDB opened at $286.80 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm’s fifty day moving average is $257.17 and its 200 day moving average is $300.04. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of -102.06 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The company 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%. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.63) EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Scotiabank lifted their target price on shares of MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Needham & Company LLC lifted their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Tigress Financial cut their target price on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $337.56.

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.