Primecap Management Co. CA Lowers Holdings in MongoDB, Inc. (NASDAQ:MDB)

by · The Cerbat Gem

Primecap Management Co. CA trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 70,250 shares of the company’s stock after selling 450 shares during the quarter. Primecap Management Co. CA owned about 0.10% of MongoDB worth $18,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MDB. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the second quarter valued at $25,000. J.Safra Asset Management Corp lifted its stake in MongoDB by 682.4% during the 2nd 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 boosted its holdings in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of MongoDB in the second quarter worth approximately $35,000. Finally, GAMMA Investing LLC raised its holdings in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the sale, the director now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the transaction, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,600 shares of company stock worth $7,034,249 over the last 90 days. 3.60% of the stock is owned by insiders.

MongoDB Trading Up 5.4 %

Shares of MongoDB stock opened at $332.50 on Friday. 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 firm has a market cap of $24.56 billion, a price-to-earnings ratio of -110.10 and a beta of 1.15. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The business has a 50-day moving average price of $278.10 and a 200-day moving average price of $272.88.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 15.06% and a negative net margin of 12.08%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.63) EPS. Equities research analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MDB shares. UBS Group lifted their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Barclays increased their target price on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Oppenheimer boosted their price target on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Mizuho increased their price objective on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus boosted their target price on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $336.54.

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About MongoDB

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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.

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