Nwam LLC Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Nwam LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 781 shares of the company’s stock, valued at approximately $211,000.

Other large investors also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new stake in MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp grew its stake in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Quarry LP increased its holdings in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of MongoDB during the second quarter valued at approximately $35,000. Finally, GAMMA Investing LLC raised its position in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 154 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,600 shares of company stock valued at $7,034,249. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Up 2.7 %

Shares of NASDAQ MDB opened at $341.36 on Tuesday. 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 stock has a market capitalization of $25.22 billion, a PE ratio of -113.03 and a beta of 1.15. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The business’s fifty day moving average price is $278.95 and its 200-day moving average price is $271.50.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The business 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.63) earnings per share. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDB. Piper Sandler boosted their price target on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Citigroup upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Needham & Company LLC lifted their price target on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wedbush raised MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lifted their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company 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.