Mobile Monitoring Solutions

Search
Close this search box.

MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Nordea Investment Management AB

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Nordea Investment Management AB decreased its position in MongoDB, Inc. (NASDAQ:MDBFree Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,320 shares of the company’s stock after selling 337 shares during the period. Nordea Investment Management AB’s holdings in MongoDB were worth $6,638,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in MongoDB in the fourth quarter valued at $25,000. Blue Trust Inc. grew its holdings in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. Beacon Capital Management LLC grew 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 valued at $45,000 after purchasing an additional 100 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in MongoDB in the first quarter valued at $41,000. Finally, GAMMA Investing LLC acquired a new stake in MongoDB in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $255.32 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. The business has a 50 day moving average price of $292.24 and a two-hundred day moving average price of $359.65. MongoDB, Inc. has a fifty-two week low of $214.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last released its earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The company had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. Sell-side analysts predict that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on MDB shares. KeyCorp reduced their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Barclays reduced their price objective on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Morgan Stanley reduced their price objective on MongoDB from $455.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Finally, Tigress Financial upped their price objective on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $361.30.

View Our Latest Stock Analysis on MongoDB

Insider Buying and Selling

In related news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 3,025 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $802,502.25. Following the sale, the chief executive officer now owns 223,048 shares of the company’s stock, valued at approximately $59,172,403.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the sale, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,179 shares of company stock valued at $8,274,689. 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.

Read More

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

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

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.