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MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Mirae Asset Global Investments Co. Ltd.

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Posted on mongodb google news. Visit mongodb google news

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 79.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,481 shares of the company’s stock after selling 63,905 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in MongoDB were worth $5,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in MongoDB in the fourth quarter worth $25,000. Blue Trust Inc. boosted its holdings in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. Beacon Capital Management LLC boosted its holdings in MongoDB by 1,111.1% in the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in MongoDB in the first quarter worth $41,000. Finally, GAMMA Investing LLC bought a new stake in MongoDB during the fourth quarter valued at about $50,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold 30,179 shares of company stock worth $8,274,689 in the last ninety days. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. JMP Securities cut their price objective on shares of MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a research report on Friday, May 31st. Morgan Stanley cut their price objective on shares of MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Robert W. Baird dropped their price target on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. DA Davidson raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. Finally, Redburn Atlantic reissued a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $361.30.

View Our Latest Stock Analysis on MongoDB

MongoDB Trading Up 0.4 %

MDB traded up $0.97 during mid-day trading on Thursday, hitting $247.15. The stock had a trading volume of 714,073 shares, compared to its average volume of 1,545,219. The stock’s fifty day simple moving average is $287.41 and its 200-day simple moving average is $357.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of -90.67 and a beta of 1.13. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. As a group, research analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

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.

Read More

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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Article originally posted on mongodb google news. Visit mongodb google news

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