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Los Angeles Capital Management LLC reduced its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 89.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,351 shares of the company’s stock after selling 11,833 shares during the period. Los Angeles Capital Management LLC’s holdings in MongoDB were worth $485,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the 4th quarter worth $25,000. Blue Trust Inc. lifted its position in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of MongoDB by 38.3% in the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after acquiring an additional 36 shares in the last quarter. Beacon Capital Management LLC increased its position in MongoDB by 1,111.1% during the 4th quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in shares of MongoDB by 156.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock worth $50,000 after buying an additional 89 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CEO Dev Ittycheria sold 17,160 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the sale, the chief executive officer now owns 226,073 shares of the company’s stock, valued at $78,698,272.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total transaction of $363,010.00. Following the sale, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 17,160 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. Insiders sold a total of 49,976 shares of company stock worth $17,245,973 over the last ninety days. 3.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on MDB shares. Scotiabank decreased their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Monday, June 3rd. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Loop Capital decreased their price objective on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Robert W. Baird lowered their target price on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $361.30.
Read Our Latest Stock Analysis on MongoDB
MongoDB Stock Up 3.8 %
NASDAQ:MDB traded up $8.69 during mid-day trading on Wednesday, reaching $235.30. The company’s stock had a trading volume of 948,264 shares, compared to its average volume of 1,516,101. MongoDB, Inc. has a twelve month low of $214.74 and a twelve month high of $509.62. The company’s fifty day simple moving average is $310.02 and its two-hundred day simple moving average is $369.21. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.
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.
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