QRG Capital Management Inc. cut its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 55.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of MongoDB during the fourth quarter worth approximately $25,000. YHB Investment Advisors Inc. bought a new position in shares of MongoDB in the first quarter valued at $41,000. Sunbelt Securities Inc. grew its holdings in shares of MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of MongoDB during the fourth quarter worth about $50,000. Finally, DSM Capital Partners LLC bought a new position in MongoDB in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, CRO Cedric Pech sold 273 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares in the company, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other MongoDB news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total transaction of $468,480.00. Following the sale, the director now directly owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock valued at $7,368,989 over the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of MDB traded up $4.92 during mid-day trading on Tuesday, reaching $237.29. 153,619 shares of the stock traded hands, compared to its average volume of 1,504,054. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a market cap of $17.41 billion, a price-to-earnings ratio of -84.44 and a beta of 1.13. The firm has a fifty day moving average price of $241.13 and a 200 day moving average price of $332.87.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MDB shares. Scotiabank lowered their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a research report on Monday, June 3rd. Loop Capital lowered their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $290.00 price objective on shares of MongoDB in a research report on Thursday, June 13th. Wells Fargo & Company reduced their target price on MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Finally, DA Davidson raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.74.

Get Our Latest Stock Analysis on MDB

About MongoDB

(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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