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Shell Asset Management Co. lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 47.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 546 shares of the company’s stock after selling 497 shares during the period. Shell Asset Management Co.’s holdings in MongoDB were worth $196,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Raymond James & Associates increased its stake in MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after purchasing an additional 7,510 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in MongoDB by 64.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock valued at $2,305,000 after purchasing an additional 2,213 shares in the last quarter. Pacer Advisors Inc. increased its stake in MongoDB by 1,400.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,632 shares of the company’s stock valued at $1,485,000 after purchasing an additional 3,390 shares in the last quarter. Schechter Investment Advisors LLC bought a new stake in MongoDB during the 4th quarter valued at $226,000. Finally, Blue Trust Inc. increased its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Stock Down 1.1 %
Shares of MongoDB stock opened at $253.50 on Monday. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The company’s 50-day moving average price is $261.27 and its 200-day moving average price is $345.66.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (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 the consensus estimate of $438.44 million. As a group, research analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. 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 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,179 shares of company stock worth $9,535,839. Insiders own 3.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Scotiabank decreased their price target on shares of MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. KeyCorp reduced their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Oppenheimer reduced their target price on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Piper Sandler reduced their target price on shares of MongoDB from $350.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Tigress Financial reduced their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.74.
MongoDB 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.
Further Reading
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