Eagle Asset Management Inc. Acquires Shares of 153,012 MongoDB, Inc. (NASDAQ:MDB)

Eagle Asset Management Inc. acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 153,012 shares of the company’s stock, valued at approximately $44,380,000.

Several other hedge funds also recently bought and sold shares of MDB. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter worth $25,000. J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares in the last quarter. Quarry LP grew its position in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of MongoDB during the 2nd quarter worth $35,000. Finally, GAMMA Investing LLC grew its position in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Activity

In related news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction 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 trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the sale, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,600 shares of company stock worth $7,034,249 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 5.4 %

MongoDB stock opened at $332.50 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The business’s 50-day moving average price is $278.10 and its 200 day moving average price is $272.88. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last issued 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. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the company earned ($0.63) earnings per share. MongoDB’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MDB. Mizuho increased their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Scotiabank upped their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Truist Financial upped their price objective on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wedbush upgraded MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, UBS Group upped their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $336.54.

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.