Morse Asset Management Inc Buys Shares of 300 MongoDB, Inc. (NASDAQ:MDB)

Morse Asset Management Inc bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, HoldingsChannel reports. The fund bought 300 shares of the company’s stock, valued at approximately $81,000.

Several other hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP bought a new stake in shares of MongoDB during the 3rd quarter valued at approximately $1,045,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MongoDB during the 3rd quarter valued at approximately $4,366,000. Charles Schwab Investment Management Inc. grew its holdings in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at approximately $1,860,000. Finally, Sycomore Asset Management grew its holdings in shares of MongoDB by 86.4% during the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MDB shares. Needham & Company LLC lifted their price target on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. Morgan Stanley lifted their target price on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Piper Sandler lifted their target price on shares of MongoDB from $335.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, Oppenheimer lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $346.96.

Insider Buying and Selling at MongoDB

In other MongoDB news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares in the company, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the completion of the sale, the director now owns 1,124,006 shares of the company’s stock, valued at approximately $392,469,175.02. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,600 shares of company stock worth $7,538,819. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

Shares of MDB stock opened at $341.31 on Thursday. The firm has a market capitalization of $25.21 billion, a PE ratio of -113.02 and a beta of 1.17. The firm has a fifty day simple moving average of $286.59 and a two-hundred day simple moving average of $270.27. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

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.