SG Americas Securities LLC decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 44.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,501 shares of the company’s stock after selling 1,985 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of MongoDB in the fourth quarter valued at $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter valued at $25,000. Sunbelt Securities Inc. boosted its position in MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the period. J.Safra Asset Management Corp boosted its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the period. Finally, Quarry LP boosted its position in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,896 shares of company stock worth $4,187,260. 3.60% of the stock is owned by company insiders.

MongoDB Stock Down 0.4 %

Shares of MongoDB stock traded down $1.12 on Monday, hitting $291.74. The company had a trading volume of 55,119 shares, compared to its average volume of 1,448,723. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock has a 50 day moving average of $265.14 and a 200-day moving average of $287.15. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of -104.22 and a beta of 1.15.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to analyst estimates 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 for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MDB shares. Tigress Financial reduced their price objective on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Wells Fargo & Company boosted their price target on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. UBS Group boosted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Scotiabank boosted their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC boosted their target price on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $337.96.

Read Our Latest Report on MDB

MongoDB Profile

(Free Report)

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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