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Stanley Laman Group Ltd. cut its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 16.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,076 shares of the company’s stock after selling 5,566 shares during the period. MongoDB accounts for 1.2% of Stanley Laman Group Ltd.’s portfolio, making the stock its 14th largest position. Stanley Laman Group Ltd.’s holdings in MongoDB were worth $6,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the stock. Cherry Creek Investment Advisors Inc. raised its holdings in shares of MongoDB by 1.5% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after purchasing an additional 50 shares during the period. Allworth Financial LP raised its holdings in shares of MongoDB by 12.9% during the fourth quarter. Allworth Financial LP now owns 508 shares of the company’s stock worth $100,000 after purchasing an additional 58 shares during the period. Cetera Advisor Networks LLC raised its holdings in shares of MongoDB by 7.4% during the second quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock worth $223,000 after purchasing an additional 59 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of MongoDB by 1.0% during the fourth quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock worth $1,261,000 after purchasing an additional 61 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of MongoDB by 4.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,512 shares of the company’s stock worth $298,000 after purchasing an additional 65 shares during the period. 89.22% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of MongoDB from $390.00 to $430.00 in a report on Friday. The Goldman Sachs Group increased their price objective on shares of MongoDB from $420.00 to $440.00 in a report on Friday. Credit Suisse Group dropped their price objective on shares of MongoDB from $305.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 10th. JMP Securities increased their target price on shares of MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. Finally, Stifel Nicolaus increased their target price on shares of MongoDB from $375.00 to $420.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $353.75.
MongoDB Stock Performance
Shares of MDB opened at $379.98 on Tuesday. MongoDB, Inc. has a one year low of $135.15 and a one year high of $398.89. The company has a 50-day moving average of $298.74 and a two-hundred day moving average of $240.54. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of -81.37 and a beta of 1.04. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19.
MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.15) earnings per share. On average, equities research analysts expect that MongoDB, Inc. will post -2.85 earnings per share for the current year.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 605 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Thomas Bull sold 605 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were 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 of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,157 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.36, for a total transaction of $1,177,652.52. Following the transaction, the chief financial officer now directly owns 103,706 shares in the company, valued at approximately $23,682,302.16. The disclosure for this sale can be found here. Insiders sold 108,856 shares of company stock valued at $27,327,511 over the last three months. 4.80% of the stock is owned by corporate insiders.
About MongoDB
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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