MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Andra AP fonden – MarketBeat

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Andra AP fonden reduced its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 25.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the company’s stock after selling 1,700 shares during the period. Andra AP fonden’s holdings in MongoDB were worth $1,250,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. Atalanta Sosnoff Capital LLC increased its position in MongoDB by 24.7% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after acquiring an additional 10,753 shares during the period. Artisan Partners Limited Partnership acquired a new stake in MongoDB in the 4th quarter valued at approximately $10,545,000. Prudential PLC increased its position in MongoDB by 2.4% in the 4th quarter. Prudential PLC now owns 21,169 shares of the company’s stock valued at $8,655,000 after acquiring an additional 489 shares during the period. Finally, Bornite Capital Management LP acquired a new stake in MongoDB in the 4th quarter valued at approximately $6,133,000. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Up 0.7 %

Shares of NASDAQ:MDB traded up $2.21 during midday trading on Friday, hitting $297.39. 24,066 shares of the stock were exchanged, compared to its average volume of 1,495,210. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The business’s fifty day simple moving average is $255.38 and its two-hundred day simple moving average is $305.33. The company has a market capitalization of $21.81 billion, a PE ratio of -105.05 and a beta of 1.15.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the company earned ($0.63) earnings per share. MongoDB’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MDB shares. Wells Fargo & Company lifted their price target on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Mizuho raised their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Barclays reduced their price objective on MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Needham & Company LLC raised their price objective on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Scotiabank raised their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $337.56.

Read Our Latest Research Report on MDB

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the transaction, the director now directly owns 1,135,006 shares in the company, valued at $330,048,394.74. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. The disclosure for this sale can be found here. Insiders have sold a total of 33,179 shares of company stock worth $8,346,169 over the last three months. Corporate insiders own 3.60% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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