Brinker Capital Investments LLC Has $875,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Brinker Capital Investments LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 45.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,406 shares of the company’s stock after purchasing an additional 1,382 shares during the quarter. Brinker Capital Investments LLC’s holdings in MongoDB were worth $875,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MDB. Prentice Wealth Management LLC acquired a new position in shares of MongoDB during the second quarter valued at $26,000. Venture Visionary Partners LLC acquired a new position in shares of MongoDB during the second quarter valued at $28,000. UMB Bank n.a. lifted its stake in shares of MongoDB by 422.6% during the second quarter. UMB Bank n.a. now owns 162 shares of the company’s stock valued at $42,000 after acquiring an additional 131 shares during the period. Sentry Investment Management LLC acquired a new position in shares of MongoDB during the third quarter valued at $33,000. Finally, Lindbrook Capital LLC lifted its stake in shares of MongoDB by 41.5% during the second quarter. Lindbrook Capital LLC now owns 174 shares of the company’s stock valued at $45,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 84.86% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,175 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $208.65, for a total transaction of $245,163.75. Following the completion of the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at $1,601,180.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Hope F. Cochran sold 1,175 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $208.65, for a total transaction of $245,163.75. Following the completion of the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at $1,601,180.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mark Porter sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $187.72, for a total value of $119,202.20. Following the completion of the sale, the chief technology officer now directly owns 27,577 shares of the company’s stock, valued at $5,176,754.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,074 shares of company stock valued at $11,604,647. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MDB shares. UBS Group increased their target price on MongoDB from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. Tigress Financial cut their target price on MongoDB from $575.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, December 15th. KeyCorp started coverage on MongoDB in a research note on Monday, November 21st. They issued an “overweight” rating and a $215.00 target price on the stock. JMP Securities raised MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a research note on Wednesday, December 7th. Finally, Barclays increased their target price on MongoDB from $233.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, December 7th. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $266.90.

MongoDB Stock Up 4.5 %

NASDAQ:MDB opened at $197.86 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $13.71 billion, a PE ratio of -36.85 and a beta of 0.89. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $471.96. The stock has a 50-day simple moving average of $180.81 and a 200 day simple moving average of $228.51.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings data on Tuesday, December 6th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.48) by $0.25. MongoDB had a negative return on equity of 52.50% and a negative net margin of 30.73%. The business had revenue of $333.62 million during the quarter, compared to the consensus estimate of $302.39 million. On average, sell-side analysts expect that MongoDB, Inc. will post -4.65 EPS for the current fiscal year.

MongoDB Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.