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Rhumbline Advisers cut its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,116 shares of the company’s stock after selling 3,040 shares during the quarter. Rhumbline Advisers owned 0.12% of MongoDB worth $22,775,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MDB. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB during the 4th quarter worth $25,000. MFA Wealth Advisors LLC purchased a new stake in MongoDB during the second quarter worth about $25,000. YHB Investment Advisors Inc. purchased a new position in MongoDB in the first quarter valued at about $41,000. Sunbelt Securities Inc. lifted its position in shares of MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after acquiring an additional 76 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.
Wall Street Analyst Weigh In
MDB has been the subject of several research analyst reports. UBS Group raised their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Robert W. Baird dropped their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $350.00 price objective on shares of MongoDB in a research report on Friday, August 30th. JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. Finally, Citigroup lifted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. 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. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $337.56.
Check Out Our Latest Stock Analysis on MDB
Insider Buying and Selling at MongoDB
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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $224.38, for a total value 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director now owns 1,146,003 shares in the company, valued at $280,770,735. The disclosure for this sale can be found here. Insiders have sold a total of 32,179 shares of company stock valued at $8,063,279 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.
MongoDB Stock Down 2.8 %
Shares of MDB opened at $281.88 on Friday. The firm has a market cap of $20.68 billion, a PE ratio of -100.31 and a beta of 1.15. 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 company’s fifty day moving average is $253.05 and its two-hundred day moving average is $309.52. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.95% and a negative net margin of 12.08%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.63) earnings per share. Analysts forecast that MongoDB, Inc. will post -2.67 earnings per share for the current year.
MongoDB Company Profile
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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