MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 53.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,403 shares of the company’s stock after acquiring an additional 1,183 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MongoDB were worth $919,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the second quarter worth about $25,000. J.Safra Asset Management Corp lifted its holdings in MongoDB by 682.4% in 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 period. Quarry LP lifted its holdings in MongoDB by 2,580.0% in 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 period. Hantz Financial Services Inc. acquired a new stake in MongoDB in the second quarter worth about $35,000. Finally, GAMMA Investing LLC lifted its holdings in MongoDB by 178.8% in 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Oppenheimer upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Barclays upped their price target on shares of MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Truist Financial upped their price target on shares of MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $336.54.

MongoDB Price Performance

Shares of MDB opened at $341.36 on Tuesday. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of -113.03 and a beta of 1.15. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. 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 50-day moving average is $279.98 and its 200-day moving average is $271.41.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the prior year, the company posted ($0.63) earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $23,313,925.17. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’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 sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,600 shares of company stock worth $7,034,249. Insiders own 3.60% of the company’s stock.

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.