Whetstone Capital Advisors LLC lifted its position in shares of Mongodb Inc (NASDAQ:MDB) by 26.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,406 shares of the company’s stock after acquiring an additional 39,437 shares during the quarter. Mongodb accounts for approximately 5.4% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 7th largest holding. Whetstone Capital Advisors LLC owned about 0.36% of Mongodb worth $15,446,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Mongodb during the third quarter worth about $106,000. TRUE Private Wealth Advisors purchased a new stake in Mongodb during the third quarter worth about $182,000. Private Advisor Group LLC purchased a new stake in Mongodb during the third quarter worth about $216,000. Regis Management CO LLC purchased a new stake in Mongodb during the second quarter worth about $148,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Mongodb during the third quarter worth about $252,000. Institutional investors and hedge funds own 50.44% of the company’s stock.
Shares of NASDAQ MDB opened at $83.73 on Wednesday. Mongodb Inc has a 12-month low of $24.62 and a 12-month high of $88.27. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -48.12 and a beta of -0.64. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, December 4th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.26. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $60.26 million. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. The company’s revenue for the quarter was up 56.6% compared to the same quarter last year. On average, equities analysts predict that Mongodb Inc will post -2.27 EPS for the current fiscal year.
A number of analysts recently commented on MDB shares. Nomura downgraded shares of Mongodb from a “neutral” rating to a “reduce” rating and boosted their price objective for the stock from $43.00 to $63.00 in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Mongodb from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Barclays boosted their price objective on shares of Mongodb from $79.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. They noted that the move was a valuation call. BTIG Research started coverage on shares of Mongodb in a report on Wednesday, September 12th. They set a “neutral” rating on the stock. Finally, CIBC started coverage on shares of Mongodb in a report on Wednesday, October 17th. They set an “outperform” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $77.92.
In other Mongodb news, insider Eliot Horowitz sold 7,100 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $80.66, for a total value of $572,686.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 63,600 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total transaction of $5,349,396.00. The disclosure for this sale can be found here. Insiders sold 973,904 shares of company stock worth $79,863,660 in the last ninety days. Insiders own 40.04% of the company’s stock.
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MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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