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M&T Bank Corp reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,518 shares of the company’s stock after selling 519 shares during the period. M&T Bank Corp’s holdings in MongoDB were worth $442,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MDB. OneDigital Investment Advisors LLC grew its holdings in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock worth $243,000 after purchasing an additional 39 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock worth $2,599,000 after purchasing an additional 65 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock worth $383,000 after purchasing an additional 75 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company’s stock worth $100,000 after purchasing an additional 78 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in shares of MongoDB by 5.6% in the first quarter. Moody National Bank Trust Division now owns 1,751 shares of the company’s stock worth $307,000 after purchasing an additional 93 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.
Insider Transactions at MongoDB
In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares of the company’s stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the transaction, the director directly owned 1,107,006 shares of the company’s stock, valued at approximately $259,039,404. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,746 shares of company stock valued at $7,500,196 in the last quarter. 3.10% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
MDB has been the topic of several recent analyst reports. Citigroup cut their target price on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Loop Capital cut shares of MongoDB from a “buy” rating to a “hold” rating and cut their target price for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Morgan Stanley cut their target price on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Macquarie restated a “neutral” rating and issued a $230.00 target price (up previously from $215.00) on shares of MongoDB in a report on Friday, June 6th. Finally, DA Davidson restated a “buy” rating and issued a $275.00 target price on shares of MongoDB in a report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.39.
Check Out Our Latest Report on MongoDB
MongoDB Trading Up 0.5%
Shares of MongoDB stock opened at $209.64 on Thursday. The firm has a market capitalization of $17.13 billion, a P/E ratio of -183.89 and a beta of 1.41. The business has a fifty day simple moving average of $201.07 and a two-hundred day simple moving average of $213.37. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.
About MongoDB
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.
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