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Lincoln National Corp decreased its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 59.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 455 shares of the company’s stock after selling 680 shares during the quarter. Lincoln National Corp’s holdings in MongoDB were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDB. Confluence Wealth Services Inc. bought a new position in shares of MongoDB in the fourth quarter valued at approximately $25,000. Bank of New Hampshire bought a new position in MongoDB during the first quarter worth $25,000. Covestor Ltd bought a new position in MongoDB during the fourth quarter worth $43,000. Montag A & Associates Inc. increased its position in MongoDB by 200.0% during the fourth quarter. Montag A & Associates Inc. now owns 108 shares of the company’s stock worth $57,000 after acquiring an additional 72 shares during the period. Finally, Nauset Wealth Management. LLC bought a new position in MongoDB during the first quarter worth $89,000. Institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of MongoDB from $425.00 to $340.00 in a research report on Thursday, June 2nd. Morgan Stanley dropped their target price on shares of MongoDB from $378.00 to $368.00 and set an “overweight” rating on the stock in a research report on Thursday, June 2nd. Needham & Company LLC boosted their target price on shares of MongoDB from $310.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, June 10th. Royal Bank of Canada boosted their target price on shares of MongoDB from $325.00 to $375.00 in a research report on Thursday, June 9th. Finally, Canaccord Genuity Group decreased their price target on shares of MongoDB from $400.00 to $300.00 in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $401.17.

Insider Activity at MongoDB

In related news, CTO Mark Porter sold 1,520 shares of MongoDB stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $325.00, for a total value of $494,000.00. Following the completion of the transaction, the chief technology officer now directly owns 29,121 shares of the company’s stock, valued at $9,464,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Mark Porter sold 1,520 shares of MongoDB stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $325.00, for a total value of $494,000.00. Following the completion of the transaction, the chief technology officer now directly owns 29,121 shares of the company’s stock, valued at $9,464,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Bull sold 489 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $264.45, for a total value of $129,316.05. Following the sale, the insider now directly owns 17,104 shares of the company’s stock, valued at $4,523,152.80. The disclosure for this sale can be found here. Insiders sold 43,795 shares of company stock valued at $12,357,981 over the last ninety days. 5.70% of the stock is owned by insiders.

MongoDB Stock Up 2.8 %

Shares of NASDAQ:MDB opened at $379.10 on Friday. MongoDB, Inc. has a 52 week low of $213.39 and a 52 week high of $590.00. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. The company’s fifty day moving average is $296.97 and its 200-day moving average is $336.16. The company has a market capitalization of $25.82 billion, a PE ratio of -78.33 and a beta of 0.96.

MongoDB (NASDAQ:MDB – Get Rating) last issued its earnings results on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, beating the consensus estimate of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company had revenue of $285.45 million for the quarter, compared to the consensus estimate of $267.10 million. During the same quarter in the previous year, the company earned ($0.98) EPS. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year. Equities research analysts predict that MongoDB, Inc. will post -5.08 earnings per share for the current fiscal year.

MongoDB Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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