QRG Capital Management Inc. Has $448000 Stake in MongoDB, Inc. (NASDAQ:MDB)

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QRG Capital Management Inc. Has $448000 Stake in MongoDB, Inc. (NASDAQ:MDB)

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QRG Capital Management Inc. decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 55.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the company’s stock after selling 2,275 shares during the quarter. QRG Capital Management Inc.’s holdings in MongoDB were worth $448,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MDB. Norges Bank bought a new position in shares of MongoDB during the 4th quarter worth about $326,237,000. Jennison Associates LLC increased its stake in 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 acquiring an additional 551,567 shares during the period. Axiom Investors LLC DE bought a new position in MongoDB during the fourth quarter valued at about $153,990,000. Swedbank AB bought a new stake in shares of MongoDB in the 1st quarter worth approximately $91,915,000. Finally, Clearbridge Investments LLC lifted its position in shares of MongoDB by 109.0% in the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after acquiring an additional 232,101 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Down 1.1 %

Shares of MongoDB stock opened at $232.37 on Tuesday. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The business has a fifty day simple moving average of $241.17 and a 200 day simple moving average of $334.05. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. The stock has a market cap of $17.04 billion, a PE ratio of -82.69 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.80). The firm had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. Research analysts predict that MongoDB, Inc. will post -2.67 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird cut their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Tigress Financial cut their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Needham & Company LLC reissued a “buy” rating and issued a $290.00 target price on shares of MongoDB in a report on Thursday, June 13th. Canaccord Genuity Group decreased their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, Guggenheim upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. One 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.74.

View Our Latest Stock Report on MDB

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares of the company’s stock, valued at $2,919,408.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,179 shares of company stock valued at $7,368,989. 3.60% of the stock is owned by company insiders.

MongoDB Company 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.

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