Qsemble Capital Management LP Has $496,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Qsemble Capital Management LP lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 15.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,833 shares of the company’s stock after selling 332 shares during the period. Qsemble Capital Management LP’s holdings in MongoDB were worth $496,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after acquiring an additional 37 shares during the last quarter. California State Teachers Retirement System grew its holdings in MongoDB by 1.3% during the 1st quarter. California State Teachers Retirement System now owns 110,957 shares of the company’s stock worth $39,794,000 after acquiring an additional 1,377 shares during the last quarter. Tidal Investments LLC grew its holdings in MongoDB by 222.6% during the 1st quarter. Tidal Investments LLC now owns 7,523 shares of the company’s stock worth $2,698,000 after acquiring an additional 5,191 shares during the last quarter. Comerica Bank grew its holdings in MongoDB by 103.4% during the 1st quarter. Comerica Bank now owns 22,575 shares of the company’s stock worth $8,096,000 after acquiring an additional 11,476 shares during the last quarter. Finally, Plato Investment Management Ltd grew its holdings in MongoDB by 408.5% during the 1st quarter. Plato Investment Management Ltd now owns 1,078 shares of the company’s stock worth $387,000 after acquiring an additional 866 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MDB. Barclays increased their price objective on shares of MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Truist Financial upped their target price on shares of MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. DA Davidson upped their target price on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada restated an “outperform” rating and set a $350.00 target price on shares of MongoDB in a research report on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research 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 stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $340.29.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the completion of the transaction, the director now directly owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’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 transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 27,600 shares of company stock valued at $7,732,589. 3.60% of the stock is owned by corporate insiders.

MongoDB Price Performance

NASDAQ MDB opened at $324.60 on Thursday. The business has a 50 day simple moving average of $281.84 and a 200 day simple moving average of $271.65. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of -107.48 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its earnings results 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. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the prior year, the business earned ($0.63) EPS. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts anticipate that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

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.