Brooklyn Investment Group Acquires New Position in MongoDB, Inc. (NASDAQ:MDB)

Brooklyn Investment Group acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 134 shares of the company’s stock, valued at approximately $36,000.

Several other large investors also recently bought and sold shares of MDB. The Manufacturers Life Insurance Company grew its stake in shares of MongoDB by 3.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company’s stock valued at $7,596,000 after buying an additional 1,022 shares during the period. West Tower Group LLC purchased a new stake in shares of MongoDB in the 3rd quarter valued at approximately $135,000. Truvestments Capital LLC purchased a new stake in shares of MongoDB in the 3rd quarter valued at approximately $83,000. Independent Advisor Alliance grew its stake in shares of MongoDB by 5.3% in the 3rd quarter. Independent Advisor Alliance now owns 1,516 shares of the company’s stock valued at $410,000 after buying an additional 76 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of MongoDB by 53.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,403 shares of the company’s stock valued at $919,000 after buying an additional 1,183 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares of the company’s stock, valued at approximately $392,469,175.02. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,600 shares of company stock valued at $7,442,189 in the last ninety days. Insiders own 3.60% of the company’s stock.

MongoDB Trading Down 0.7 %

NASDAQ MDB opened at $322.49 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The firm’s fifty day moving average price is $283.54 and its 200 day moving average price is $271.77. The company has a market capitalization of $23.82 billion, a price-to-earnings ratio of -106.78 and a beta of 1.15. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted ($0.63) EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. 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 report on Friday, August 30th. Piper Sandler upped their price objective on shares of MongoDB from $335.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday. JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. Needham & Company LLC upped their price objective on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, UBS Group upped their price objective on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $340.29.

MongoDB 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.