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Victory Capital Management Inc. trimmed its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 50.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 39,335 shares of the company’s stock after selling 40,804 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of MongoDB worth $7,743,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of MongoDB by 1.0% during the third quarter. Vanguard Group Inc. now owns 6,127,231 shares of the company’s stock valued at $1,216,623,000 after buying an additional 62,303 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of MongoDB by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock valued at $386,313,000 after purchasing an additional 118,055 shares in the last quarter. State Street Corp raised its stake in shares of MongoDB by 1.8% during the third quarter. State Street Corp now owns 1,349,260 shares of the company’s stock valued at $267,909,000 after purchasing an additional 23,846 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MongoDB by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 931,748 shares of the company’s stock valued at $183,193,000 after purchasing an additional 39,741 shares in the last quarter. 89.22% of the stock is currently owned by institutional investors.

MongoDB Stock Up 0.4 %

MongoDB stock opened at $389.99 on Monday. The firm has a market cap of $27.31 billion, a PE ratio of -83.51 and a beta of 1.04. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The firm’s 50 day moving average price is $295.63 and its two-hundred day moving average price is $239.23. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $398.89.

MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. During the same quarter in the prior year, the business earned ($1.15) EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, research analysts predict that MongoDB, Inc. will post -2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on MDB. Guggenheim cut MongoDB from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $205.00 to $210.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Barclays boosted their target price on MongoDB from $280.00 to $374.00 in a report on Friday, June 2nd. Mizuho boosted their target price on MongoDB from $220.00 to $240.00 in a report on Friday. Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $420.00 in a research report on Friday. Finally, The Goldman Sachs Group boosted their price target on shares of MongoDB from $420.00 to $440.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $349.87.

Insiders Place Their Bets

In other MongoDB news, CTO Mark Porter sold 1,900 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $226.17, for a total value of $429,723.00. Following the transaction, the chief technology officer now directly owns 43,009 shares of the company’s stock, valued at approximately $9,727,345.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CTO Mark Porter sold 1,900 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $226.17, for a total transaction of $429,723.00. Following the transaction, the chief technology officer now owns 43,009 shares in the company, valued at approximately $9,727,345.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 605 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the transaction, the chief accounting officer now owns 17,706 shares in the company, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Insiders have sold a total of 108,856 shares of company stock valued at $27,327,511 in the last three months. Insiders own 4.80% of the company’s stock.

MongoDB Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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Article originally posted on mongodb google news. Visit mongodb google news