Wintrust Investments LLC Makes New $296,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Wintrust Investments LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 721 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors also recently bought and sold shares of MDB. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at $26,000. Capital Advisors Ltd. LLC boosted its stake in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after acquiring an additional 38 shares during the period. Bessemer Group Inc. purchased a new stake in shares of MongoDB during the fourth quarter worth about $29,000. Global Retirement Partners LLC raised its stake in MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Finally, Manchester Capital Management LLC purchased a new position in MongoDB in the 1st quarter worth approximately $36,000. Institutional investors own 88.89% of the company’s stock.

MongoDB Stock Up 0.9 %

Shares of MDB opened at $392.57 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48. The company’s fifty day moving average price is $354.09 and its 200-day moving average price is $355.78. MongoDB, Inc. has a 1-year low of $137.70 and a 1-year high of $439.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.63) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.07. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. The business had revenue of $423.79 million for the quarter, compared to the consensus estimate of $389.93 million. Sell-side analysts anticipate that MongoDB, Inc. will post -2.17 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $395.01, for a total transaction of $395,010.00. Following the transaction, the director now directly owns 535,896 shares of the company’s stock, valued at $211,684,278.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $395.01, for a total value of $395,010.00. Following the completion of the sale, the director now owns 535,896 shares of the company’s stock, valued at $211,684,278.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Cedric Pech sold 16,143 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $378.86, for a total transaction of $6,115,936.98. Following the completion of the sale, the executive now directly owns 34,418 shares of the company’s stock, valued at approximately $13,039,603.48. The disclosure for this sale can be found here. Insiders sold a total of 289,484 shares of company stock worth $101,547,167 in the last three months. Company insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Capital One Financial raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price on the stock in a report on Wednesday, November 8th. Canaccord Genuity Group lifted their target price on MongoDB from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. UBS Group increased their price target on MongoDB from $425.00 to $465.00 and gave the company a “buy” rating in a research note on Friday, September 1st. Bank of America started coverage on MongoDB in a research note on Thursday, October 12th. They issued a “buy” rating and a $450.00 price objective on the stock. Finally, Truist Financial reiterated a “buy” rating and set a $430.00 target price on shares of MongoDB in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $419.74.

MongoDB Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.