MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 48.6% during the third quarter, Holdings Channel reports. The firm owned 8,075 shares of the company’s stock after selling 7,633 shares during the quarter. Penserra Capital Management LLC’s holdings in MongoDB were worth $2,180,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC raised its position in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Swedbank AB raised its holdings in shares of MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after buying an additional 388,979 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of MongoDB during the second quarter worth about $52,131,000. Finally, Renaissance Technologies LLC increased its position in MongoDB by 828.9% in the 2nd 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 during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

MongoDB stock opened at $341.36 on Tuesday. The firm has a market capitalization of $25.22 billion, a PE ratio of -113.03 and a beta of 1.15. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm’s 50-day simple moving average is $279.98 and its 200 day simple moving average is $271.41. 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 announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.63) earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 154 shares of the stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,319 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $285.92, for a total value of $377,128.48. Following the completion of the sale, the director now directly owns 87,744 shares in the company, valued at approximately $25,087,764.48. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,600 shares of company stock valued at $7,034,249. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley increased their price objective on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Mizuho lifted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Stifel Nicolaus upped their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. DA Davidson raised their target price 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. Finally, Truist Financial boosted their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $336.54.

About MongoDB

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.