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Mn Services Vermogensbeheer B.V. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,100 shares of the company’s stock after selling 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in MongoDB were worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after purchasing an additional 181,962 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after purchasing an additional 22,106 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock worth $199,031,000 after purchasing an additional 95,893 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of MongoDB in the 4th quarter worth approximately $189,584,000. 89.29% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on MDB shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of MongoDB in a report on Thursday, June 5th. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Redburn Atlantic raised shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 target price on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group dropped their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $282.47.
Read Our Latest Analysis on MongoDB
Insider Transactions at MongoDB
In related news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 25,005 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer now owns 256,974 shares of the company’s stock, valued at approximately $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,208 shares of company stock worth $10,167,739. 3.10% of the stock is owned by insiders.
MongoDB Stock Up 1.5%
MDB stock opened at $205.60 on Wednesday. The firm has a 50 day moving average of $183.66 and a two-hundred day moving average of $223.80. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of -180.35 and a beta of 1.39.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. During the same period in the previous year, the company earned $0.51 earnings per share. MongoDB’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS 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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