Intellectus Partners LLC Has $468,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Intellectus Partners LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the company’s stock after purchasing an additional 200 shares during the period. Intellectus Partners LLC’s holdings in MongoDB were worth $468,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Metis Global Partners LLC boosted its holdings in shares of MongoDB by 27.1% during the 3rd quarter. Metis Global Partners LLC now owns 2,319 shares of the company’s stock worth $627,000 after buying an additional 494 shares during the period. Curi RMB Capital LLC lifted its holdings in shares of MongoDB by 11.5% during the third quarter. Curi RMB Capital LLC now owns 22,872 shares of the company’s stock worth $6,183,000 after buying an additional 2,362 shares during the last quarter. Planning Capital Management Corp grew its stake in shares of MongoDB by 1,820.0% in the third quarter. Planning Capital Management Corp now owns 192 shares of the company’s stock worth $52,000 after acquiring an additional 182 shares during the last quarter. KBC Group NV raised its stake in MongoDB by 3.5% during the 3rd quarter. KBC Group NV now owns 17,189 shares of the company’s stock valued at $4,647,000 after purchasing an additional 579 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd grew its position in MongoDB by 19.8% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 964 shares of the company’s stock worth $261,000 after purchasing an additional 159 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America upped their price target on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Mizuho boosted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a report on Friday, August 30th. Stifel Nicolaus upped their target price on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. One 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 stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $336.54.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction 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 directly owns 16,068 shares in the company, valued at $4,117,425. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 3,556 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 $911,225.00. Following the completion of the transaction, the chief executive officer now directly owns 219,875 shares in the company, valued at $56,342,968.75. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is currently owned by insiders.

MongoDB Price Performance

Shares of MDB stock opened at $279.77 on Friday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year 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 firm’s 50 day moving average is $278.14 and its 200-day moving average is $275.57. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of -92.64 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.63) EPS. Sell-side analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal 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.