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DekaBank Deutsche Girozentrale trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 10.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,196 shares of the company’s stock after selling 5,335 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of MongoDB worth $16,159,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of MDB. Raymond James Financial Services Advisors Inc. boosted its stake in shares of MongoDB by 64.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock valued at $2,305,000 after buying an additional 2,213 shares during the period. Blue Trust Inc. increased its position in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in MongoDB during the fourth quarter worth $58,000. Arizona State Retirement System increased its position in MongoDB by 1.8% during the fourth quarter. Arizona State Retirement System now owns 19,609 shares of the company’s stock worth $8,017,000 after buying an additional 353 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in MongoDB by 31,796.1% during the fourth quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock worth $36,775,000 after buying an additional 89,665 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Price Performance
Shares of NASDAQ MDB traded down $6.63 during mid-day trading on Friday, hitting $232.70. 1,670,602 shares of the stock were exchanged, compared to its average volume of 1,409,477. The company has a market cap of $17.07 billion, a P/E ratio of -82.81 and a beta of 1.13. The stock’s fifty day simple moving average is $249.70 and its two-hundred day simple moving average is $341.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. MongoDB, Inc. has a twelve month low of $214.74 and a twelve month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting the consensus estimate of ($0.80). The company had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.
Insider Activity at MongoDB
In related news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MongoDB news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now directly owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders sold a total of 28,179 shares of company stock valued at $6,906,989 over the last quarter. Corporate insiders own 3.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on MDB. Wells Fargo & Company lowered their target price on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group lowered their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Tigress Financial lowered their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Barclays lowered their price target on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.74.
Read Our Latest Stock Analysis on MDB
About MongoDB
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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