National Bank of Canada FI Sells 19254 Shares of MongoDB, Inc. (NASDAQ:MDB)

Uncategorized

National Bank of Canada FI Sells 19254 Shares of MongoDB, Inc. (NASDAQ:MDB)

MMS • RSS

Posted on mongodb google news. Visit mongodb google news

National Bank of Canada FI reduced its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 72.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,243 shares of the company’s stock after selling 19,254 shares during the period. National Bank of Canada FI’s holdings in MongoDB were worth $1,909,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MDB. Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at approximately $326,237,000. Jennison Associates LLC boosted its stake in shares of MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Swedbank AB boosted its stake in shares of MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Axiom Investors LLC DE bought a new position in shares of MongoDB during the fourth quarter valued at approximately $153,990,000. Finally, Clearbridge Investments LLC boosted its stake in shares of MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after purchasing an additional 232,101 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MDB shares. Scotiabank increased their price objective on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Robert W. Baird dropped their price objective on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Needham & Company LLC increased their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. UBS Group raised their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

Get Our Latest Stock Report on MDB

Insider Buying and Selling at MongoDB

In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director now owns 1,146,003 shares in the company, valued at approximately $280,770,735. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,179 shares of company stock valued at $8,346,169. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Up 1.8 %

Shares of MongoDB stock opened at $296.69 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The firm has a fifty day moving average price of $254.78 and a 200 day moving average price of $305.40. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock has a market cap of $21.92 billion, a PE ratio of -105.58 and a beta of 1.15.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter last year, the company posted ($0.63) earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current 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.

Mobile Monitoring Solutions

Uncategorized