Clarius Group LLC Boosts Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Clarius Group LLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 943 shares of the company’s stock after acquiring an additional 46 shares during the quarter. Clarius Group LLC’s holdings in MongoDB were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MDB. Raymond James Financial Services Advisors Inc. raised its stake in shares of MongoDB by 64.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock worth $2,305,000 after purchasing an additional 2,213 shares during the period. Prime Capital Investment Advisors LLC raised its stake in shares of MongoDB by 176.1% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,811 shares of the company’s stock worth $740,000 after purchasing an additional 1,155 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of MongoDB during the 4th quarter worth $292,000. Meeder Advisory Services Inc. bought a new stake in MongoDB in the 4th quarter valued at about $200,000. Finally, Bleakley Financial Group LLC raised its stake in MongoDB by 10.0% in the 4th quarter. Bleakley Financial Group LLC now owns 1,070 shares of the company’s stock valued at $437,000 after acquiring an additional 97 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

MDB traded up $0.42 during midday trading on Friday, hitting $234.90. The stock had a trading volume of 648,522 shares, compared to its average volume of 1,517,471. The company has a market cap of $17.23 billion, a P/E ratio of -83.59 and a beta of 1.13. The business has a fifty day moving average of $241.17 and a 200 day moving average of $335.11. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. As a group, equities analysts forecast that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDB. Truist Financial lowered their price objective on MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Robert W. Baird lowered their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Scotiabank decreased their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Monday, June 3rd. Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Finally, Bank of America decreased their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.74.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the transaction, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now owns 1,140,006 shares in the company, valued at $263,341,386. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the transaction, the director now owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock worth $7,368,989 over the last quarter. 3.60% of the stock is 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.