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Asset Management One Co. Ltd. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,280 shares of the company’s stock after selling 2,127 shares during the quarter. Asset Management One Co. Ltd.’s holdings in MongoDB were worth $6,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB in the 4th quarter worth approximately $29,000. Coppell Advisory Solutions LLC grew its position in shares of MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after buying an additional 182 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after buying an additional 134 shares during the last quarter. J.Safra Asset Management Corp grew its position in shares of MongoDB by 72.0% in the 4th quarter. J.Safra Asset Management Corp now owns 387 shares of the company’s stock worth $91,000 after buying an additional 162 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of MongoDB in the 4th quarter worth approximately $97,000. 89.29% of the stock is currently owned by institutional investors.
Insider Activity at MongoDB
In other news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the sale, the director now directly owns 19,333 shares of the company’s stock, valued at $3,377,281.77. This trade represents a 5.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 25,005 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the completion of the sale, the chief executive officer now directly owns 256,974 shares of the company’s stock, valued at $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 51,202 shares of company stock valued at $10,576,696. Insiders own 3.10% of the company’s stock.
MongoDB Stock Up 0.3%
NASDAQ MDB opened at $209.92 on Friday. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of -184.14 and a beta of 1.39. The business has a 50-day moving average price of $190.83 and a 200-day moving average price of $217.14. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last released 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. The firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on MDB. Cantor Fitzgerald lifted their price objective on MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, June 5th. Citigroup lowered their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Stifel Nicolaus lowered their target price on MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Morgan Stanley lowered their target price on MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Scotiabank raised their target price on MongoDB from $160.00 to $230.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.47.
Check Out Our Latest Stock Analysis on MDB
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.
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