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Allspring Global Investments Holdings LLC trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 20.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 387,176 shares of the company’s stock after selling 99,967 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.53% of MongoDB worth $96,778,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in MongoDB in the 4th quarter worth about $25,000. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new stake in shares of MongoDB during the 1st quarter valued at about $41,000. GAMMA Investing LLC bought a new stake in shares of MongoDB during the 4th quarter valued at about $50,000. Finally, Sunbelt Securities Inc. grew its stake in shares of MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after purchasing an additional 76 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

MDB opened at $242.69 on Tuesday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $245.72 and its 200-day simple moving average is $320.26. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of -87.54 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (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 business had revenue of $450.56 million for the quarter, compared to the consensus estimate 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.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 138 shares of the company’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 $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $228.00, for a total value of $2,280,000.00. Following the completion of the sale, the director now directly owns 20,020 shares in the company, valued at $4,564,560. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Thomas Bull sold 138 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Insiders sold 30,179 shares of company stock worth $7,368,989 in the last three months. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

MDB has been the subject of a number of recent research reports. Scotiabank cut their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. JMP Securities cut their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a research note on Friday, May 31st. 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 note 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 note on Monday, June 3rd. Finally, Bank of America cut their price objective on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $355.74.

Check Out Our Latest Research 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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