Oppenheimer Asset Management Inc. lowered its stake in Mongodb Inc (NASDAQ:MDB) by 37.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,106 shares of the company’s stock after selling 1,898 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Mongodb were worth $253,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Mongodb in the third quarter worth about $106,000. Regis Management CO LLC purchased a new position in shares of Mongodb during the second quarter valued at approximately $148,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Mongodb by 409.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,301 shares of the company’s stock valued at $164,000 after buying an additional 2,653 shares during the period. TRUE Private Wealth Advisors purchased a new position in shares of Mongodb during the third quarter valued at approximately $182,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Mongodb by 36.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock valued at $201,000 after buying an additional 1,075 shares during the period. Institutional investors own 42.00% of the company’s stock.
Mongodb stock opened at $75.42 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.01. Mongodb Inc has a fifty-two week low of $24.62 and a fifty-two week high of $85.78. The company has a market cap of $4.29 billion and a PE ratio of -43.34.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.04. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The firm had revenue of $57.50 million during the quarter, compared to the consensus estimate of $51.75 million. The company’s quarterly revenue was up 61.5% compared to the same quarter last year. On average, sell-side analysts predict that Mongodb Inc will post -2.27 EPS for the current year.
In other news, insider Thomas Bull sold 5,069 shares of Mongodb stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $75.72, for a total transaction of $383,824.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Lawrence Gordon sold 1,047 shares of Mongodb stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $75.23, for a total transaction of $78,765.81. The disclosure for this sale can be found here. Insiders have sold 336,283 shares of company stock valued at $26,563,399 in the last ninety days. Insiders own 40.04% of the company’s stock.
Several brokerages have issued reports on MDB. Zacks Investment Research upgraded Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Canaccord Genuity boosted their target price on Mongodb from $54.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. DA Davidson began coverage on Mongodb in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $80.00 target price for the company. Oppenheimer began coverage on Mongodb in a research report on Wednesday, October 17th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Monness Crespi & Hardt boosted their target price on Mongodb from $60.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Mongodb presently has a consensus rating of “Buy” and an average price target of $71.87.
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MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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