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Acadian Asset Management LLC cut its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 99.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207 shares of the company’s stock after selling 139,071 shares during the quarter. Acadian Asset Management LLC’s holdings in MongoDB were worth $74,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MDB. Vanguard Group Inc. boosted its position in MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. Atalanta Sosnoff Capital LLC boosted its position in MongoDB by 24.7% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after purchasing an additional 10,753 shares during the last quarter. Realta Investment Advisors acquired a new position in MongoDB during the fourth quarter valued at approximately $212,000. Fiera Capital Corp boosted its position in MongoDB by 0.8% during the fourth quarter. Fiera Capital Corp now owns 224,293 shares of the company’s stock valued at $91,702,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in MongoDB during the fourth quarter valued at approximately $10,545,000. 89.29% of the stock is currently owned by institutional investors.
MongoDB Price Performance
MongoDB stock opened at $251.51 on Tuesday. The stock’s fifty day moving average price is $258.94 and its two-hundred day moving average price is $344.67. MongoDB, Inc. has a one year low of $214.74 and a one year high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The firm has a market cap of $18.45 billion, a PE ratio of -89.51 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. As a group, research analysts expect that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.
Insider Activity
In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the transaction, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the sale, the director now directly owns 522,896 shares in the company, valued at approximately $198,256,018.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,179 shares of company stock worth $9,535,839. Insiders own 3.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Loop Capital reduced their price target on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Citigroup cut their price objective on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus cut their price objective on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Piper Sandler cut their price objective on MongoDB from $350.00 to $300.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Canaccord Genuity Group cut their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $355.74.
Check Out Our Latest Stock Analysis on MongoDB
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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