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US Bancorp DE trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 15.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,087 shares of the company’s stock after selling 549 shares during the quarter. US Bancorp DE’s holdings in MongoDB were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. abrdn plc lifted its holdings in MongoDB by 0.6% in the 2nd quarter. abrdn plc now owns 6,745 shares of the company’s stock valued at $1,750,000 after acquiring an additional 41 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its holdings in MongoDB by 1.9% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 2,310 shares of the company’s stock valued at $599,000 after acquiring an additional 43 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in MongoDB by 41.5% in the 2nd quarter. Lindbrook Capital LLC now owns 174 shares of the company’s stock valued at $45,000 after acquiring an additional 51 shares during the last quarter. CWM LLC lifted its holdings in MongoDB by 2.6% in the 3rd quarter. CWM LLC now owns 2,144 shares of the company’s stock valued at $426,000 after acquiring an additional 55 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in MongoDB by 4.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,325 shares of the company’s stock valued at $344,000 after acquiring an additional 59 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $197.86 on Friday. The stock has a market capitalization of $13.71 billion, a P/E ratio of -36.85 and a beta of 0.89. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $471.96. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average price of $180.81 and a two-hundred day moving average price of $229.04.

MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings data on Tuesday, December 6th. The company reported ($1.23) earnings per share for the quarter, topping the consensus estimate of ($1.48) by $0.25. The firm had revenue of $333.62 million during the quarter, compared to analysts’ expectations of $302.39 million. MongoDB had a negative return on equity of 52.50% and a negative net margin of 30.73%. Equities analysts predict that MongoDB, Inc. will post -4.65 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $208.65, for a total transaction of $245,163.75. Following the completion of the transaction, the director now directly owns 7,674 shares in the company, valued at approximately $1,601,180.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $208.65, for a total transaction of $245,163.75. Following the completion of the transaction, the director now directly owns 7,674 shares in the company, valued at approximately $1,601,180.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Cedric Pech sold 328 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total value of $65,373.68. Following the completion of the transaction, the executive now owns 33,829 shares of the company’s stock, valued at $6,742,457.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,074 shares of company stock worth $11,604,647. 5.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on MDB. Barclays upped their price objective on shares of MongoDB from $233.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, December 7th. Wedbush began coverage on shares of MongoDB in a research note on Wednesday, December 14th. They set an “outperform” rating and a $240.00 price objective for the company. KeyCorp began coverage on shares of MongoDB in a research note on Monday, November 21st. They set an “overweight” rating and a $215.00 price objective for the company. Tigress Financial reduced their price objective on shares of MongoDB from $575.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. Finally, Redburn Partners raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 18th. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $266.90.

MongoDB Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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