Alpha DNA Investment Management LLC Takes $764,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Alpha DNA Investment Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,825 shares of the company’s stock, valued at approximately $764,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in MongoDB during the 3rd quarter valued at approximately $1,045,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MongoDB during the third quarter valued at $4,366,000. Sanctuary Advisors LLC bought a new stake in MongoDB in the 2nd quarter valued at $1,860,000. Sycomore Asset Management lifted its stake in MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after purchasing an additional 24,827 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 5.4 %

MDB opened at $332.50 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a market capitalization of $24.56 billion, a P/E ratio of -110.10 and a beta of 1.15. The stock’s fifty day moving average is $278.95 and its two-hundred day moving average is $272.65. 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 quarterly earnings results on Thursday, August 29th. The company reported $0.70 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 firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the firm posted ($0.63) earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Insider Activity

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at $4,589,041.58. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,600 shares of company stock worth $7,034,249. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDB. Piper Sandler lifted their target price on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Oppenheimer upped their price objective on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Scotiabank increased their target price on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a research report on Friday, August 30th. Finally, DA Davidson lifted their price objective 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. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $336.54.

MongoDB Company 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.