STF Management LP Has $285,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

STF Management LP decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,053 shares of the company’s stock after selling 106 shares during the quarter. STF Management LP’s holdings in MongoDB were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP bought a new stake in shares of MongoDB during the 3rd quarter valued at $1,045,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MongoDB during the 3rd quarter valued at $4,366,000. Sanctuary Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at $1,860,000. Sycomore Asset Management raised its position in shares of MongoDB by 86.4% during the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after acquiring an additional 24,827 shares during the last quarter. Finally, Cetera Investment Advisers raised its position 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 acquiring an additional 8,330 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDB. Needham & Company LLC upped their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Mizuho upped their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein upped their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.54.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $314.86 on Friday. The company’s 50 day simple moving average is $277.71 and its 200 day simple moving average is $272.59. The stock has a market capitalization of $23.26 billion, a price-to-earnings ratio of -104.26 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. 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, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for 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 firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.63) earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the sale, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Cedric Pech sold 302 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive now owns 33,440 shares in the company, valued at $8,569,000. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,600 shares of company stock worth $7,034,249 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.