Truvestments Capital LLC Buys Shares of 307 MongoDB, Inc. (NASDAQ:MDB)

Truvestments Capital LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 307 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the last quarter. Swedbank AB lifted its stake in MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the period. Point72 Asset Management L.P. acquired a new position in MongoDB in the second quarter worth $52,131,000. Finally, Renaissance Technologies LLC increased its stake in MongoDB by 828.9% during the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock valued at $45,743,000 after purchasing an additional 163,300 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,319 shares of MongoDB 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 transaction, the director now owns 87,744 shares of the company’s stock, valued at approximately $25,087,764.48. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the sale, the executive now owns 33,440 shares in the company, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,600 shares of company stock valued at $7,034,249. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Down 1.7 %

Shares of MDB stock opened at $335.40 on Wednesday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $280.95 and a 200 day simple moving average of $271.28. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The stock has a market capitalization of $24.78 billion, a P/E ratio of -111.06 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the firm posted ($0.63) EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts expect that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of several research reports. Bank of America lifted their price target on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Needham & Company LLC upped their target price on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. Mizuho raised their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Morgan Stanley upped their price objective on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Citigroup raised their target price on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

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.