18,726 Shares in Mongodb Inc (MDB) Purchased by Cardan Capital Partners LLC

Cardan Capital Partners LLC acquired a new stake in shares of Mongodb Inc (NASDAQ:MDB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,726 shares of the company’s stock, valued at approximately $1,527,000.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC increased its position in Mongodb by 106.7% during the 3rd quarter. FMR LLC now owns 4,688,216 shares of the company’s stock valued at $382,324,000 after purchasing an additional 2,419,731 shares during the period. Whale Rock Capital Management LLC grew its position in shares of Mongodb by 587.8% in the 2nd quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock worth $190,096,000 after buying an additional 3,273,409 shares during the period. Scge Management L.P. grew its position in shares of Mongodb by 26.6% in the 2nd quarter. Scge Management L.P. now owns 833,247 shares of the company’s stock worth $41,354,000 after buying an additional 175,000 shares during the period. Allianz Asset Management GmbH grew its position in shares of Mongodb by 10.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 744,485 shares of the company’s stock worth $60,713,000 after buying an additional 69,080 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Mongodb by 1.4% in the 3rd quarter. Wells Fargo & Company MN now owns 739,290 shares of the company’s stock worth $60,288,000 after buying an additional 10,157 shares during the period. 50.44% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Canaccord Genuity upped their target price on shares of Mongodb from $54.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. DA Davidson assumed coverage on shares of Mongodb in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $80.00 target price on the stock. Monness Crespi & Hardt upped their target price on shares of Mongodb from $60.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Oppenheimer assumed coverage on shares of Mongodb in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $77.92.

In related news, insider Meagen Eisenberg sold 46,250 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $72.44, for a total value of $3,350,350.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $76.78, for a total transaction of $1,842,720.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 336,283 shares of company stock worth $26,869,879. 40.04% of the stock is currently owned by company insiders.

Shares of Mongodb stock opened at $82.90 on Monday. Mongodb Inc has a 1 year low of $24.62 and a 1 year high of $85.78. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.01.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.04. The company had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The company’s revenue was up 61.5% on a year-over-year basis. On average, equities analysts anticipate that Mongodb Inc will post -2.27 earnings per share for the current year.

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About Mongodb

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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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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