Capstone Triton Financial Group LLC Reduces Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Capstone Triton Financial Group LLC reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 49.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,689 shares of the company’s stock after selling 4,583 shares during the period. Capstone Triton Financial Group LLC’s holdings in MongoDB were worth $1,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp increased its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP increased its position in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of MongoDB in the 2nd quarter valued at $35,000. Finally, GAMMA Investing LLC grew its stake in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho lifted their target price on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Sanford C. Bernstein raised their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Morgan Stanley boosted their target price on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Truist Financial raised their target price on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $337.96.

MongoDB Stock Performance

NASDAQ MDB traded up $11.09 on Wednesday, hitting $286.30. 324,285 shares of the stock were exchanged, compared to its average volume of 1,436,993. The company has a market capitalization of $21.00 billion, a PE ratio of -97.94 and a beta of 1.15. 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 business’s fifty day moving average is $273.31 and its 200 day moving average is $280.29. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 during the quarter, compared to analysts’ expectations 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 for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.63) earnings per share. Research analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CRO Cedric Pech sold 302 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares in the company, valued at $8,569,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Cedric Pech sold 302 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,281 shares of company stock worth $6,310,411 over the last quarter. 3.60% of the stock is currently owned by insiders.

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.