iA Global Asset Management Inc. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 58.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,781 shares of the company’s stock after selling 9,605 shares during the quarter. iA Global Asset Management Inc.’s holdings in MongoDB were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of MongoDB by 64.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock worth $2,305,000 after buying an additional 2,213 shares during the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 75 shares during the period. Caprock Group LLC bought a new stake in MongoDB during the fourth quarter worth approximately $220,000. Realta Investment Advisors bought a new position in shares of MongoDB in the fourth quarter valued at approximately $212,000. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of MongoDB by 7.5% in the fourth quarter. Mayflower Financial Advisors LLC now owns 716 shares of the company’s stock worth $293,000 after buying an additional 50 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, CRO Cedric Pech sold 273 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 $72,424.17. Following the transaction, 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 can be accessed through this link. In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the director now owns 20,020 shares in the company, valued at approximately $4,564,560. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Cedric Pech sold 273 shares of the company’s 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 sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. 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.

MongoDB Price Performance

NASDAQ:MDB traded down $6.63 on Friday, reaching $232.70. The stock had a trading volume of 1,670,118 shares, compared to its average volume of 1,527,879. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $17.07 billion, a P/E ratio of -82.40 and a beta of 1.13. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The stock has a fifty day moving average price of $252.04 and a 200-day moving average price of $342.28.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.80). The company had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. Research analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lowered their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Needham & Company LLC reissued a “buy” rating and set a $290.00 price objective on shares of MongoDB in a research report on Thursday, June 13th. Canaccord Genuity Group lowered their target price on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company cut their price target on MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Finally, JMP Securities lowered their price objective on shares of MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $355.74.

Check Out Our Latest Report on MongoDB

MongoDB Company 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.

Featured Stories

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.