Icon Wealth Advisors LLC Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Icon Wealth Advisors LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 404 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDB. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB in the 2nd quarter valued at approximately $25,000. J.Safra Asset Management Corp increased 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 valued at $33,000 after buying an additional 116 shares during the last quarter. Quarry LP raised its stake in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares in the last quarter. Brooklyn Investment Group purchased a new stake in MongoDB during the 3rd quarter worth about $36,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of MongoDB during the 2nd quarter worth about $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 0.7 %

MDB stock opened at $322.49 on Monday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market cap of $23.82 billion, a P/E ratio of -106.78 and a beta of 1.15. The company’s 50-day moving average price is $283.54 and its 200 day moving average price is $270.41.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.63) EPS. On average, research analysts expect that MongoDB, Inc. will post -2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MDB shares. Sanford C. Bernstein boosted their target price on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Bank of America upped their target price on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus boosted their price target on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Oppenheimer raised their price objective on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Morgan Stanley boosted their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research note 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. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $340.29.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the sale, the director now owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,600 shares of company stock valued at $7,442,189. Insiders own 3.60% of the company’s stock.

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.