MongoDB, Inc. (NASDAQ:MDB) Position Boosted by Circle Wealth Management LLC

Circle Wealth Management LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 85.0% in the 3rd quarter, Holdings Channel reports. The firm owned 4,531 shares of the company’s stock after purchasing an additional 2,082 shares during the quarter. Circle Wealth Management LLC’s holdings in MongoDB were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock valued at $116,000 after purchasing an additional 37 shares in the last quarter. Comerica Bank raised its holdings in shares of MongoDB by 103.4% during the first quarter. Comerica Bank now owns 22,575 shares of the company’s stock valued at $8,096,000 after acquiring an additional 11,476 shares during the period. Atria Investments Inc lifted its stake in MongoDB by 1.2% in the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after acquiring an additional 39 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after purchasing an additional 8,330 shares during the period. Finally, Cetera Advisors LLC grew its position in MongoDB by 106.9% during the first quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock valued at $559,000 after purchasing an additional 805 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent research reports. Barclays boosted their price target on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Wedbush upgraded MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Bank of America upped their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Needham & Company LLC lifted their price target on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Morgan Stanley upped their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $340.29.

MongoDB Stock Down 0.7 %

Shares of MDB stock opened at $322.49 on Friday. The firm’s 50-day moving average is $283.54 and its 200-day moving average is $271.77. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of -106.78 and a beta of 1.15. 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 52-week low of $212.74 and a 52-week high of $509.62.

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 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 business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the firm posted ($0.63) EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Sell-side analysts predict that MongoDB, Inc. will post -2.37 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the sale, the director now directly owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock valued at $7,442,189 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

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.