Qsemble Capital Management LP Purchases 2,353 Shares of MongoDB, Inc. (NASDAQ:MDB)

Qsemble Capital Management LP raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 322.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,082 shares of the company's stock after acquiring an additional 2,353 shares during the period. Qsemble Capital Management LP's holdings in MongoDB were worth $1,260,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Insigneo Advisory Services LLC grew its position in MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company's stock valued at $370,000 after acquiring an additional 30 shares during the period. Yousif Capital Management LLC boosted its stake in MongoDB by 3.9% in the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company's stock worth $324,000 after purchasing an additional 30 shares in the last quarter. Valley National Advisers Inc. boosted its stake in MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company's stock worth $244,000 after purchasing an additional 33 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in MongoDB by 2.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company's stock worth $638,000 after purchasing an additional 33 shares in the last quarter. Finally, Choreo LLC grew its position in shares of MongoDB by 3.5% during the 3rd quarter. Choreo LLC now owns 1,076 shares of the company's stock worth $372,000 after buying an additional 36 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the sale, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,802 shares of company stock valued at $16,514,071. 4.80% of the stock is owned by company insiders.

MongoDB Stock Performance

Shares of MDB traded down $1.22 during trading hours on Friday, hitting $353.47. The company had a trading volume of 513,042 shares, compared to its average volume of 1,164,071. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of -142.53 and a beta of 1.19. The business has a fifty day moving average of $362.63 and a 200-day moving average of $391.23. MongoDB, Inc. has a 12 month low of $259.53 and a 12 month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. Equities analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDB. Citigroup increased their target price on MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. KeyCorp decreased their price objective on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. Tigress Financial increased their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Needham & Company LLC reissued a "buy" rating and set a $465.00 price target on shares of MongoDB in a research report on Friday, May 3rd. Finally, JMP Securities restated a "market outperform" rating and issued a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $443.86.

MongoDB Company 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.

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