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Shell Asset Management Co. cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,350 shares of the company’s stock after selling 30 shares during the period. Shell Asset Management Co.’s holdings in MongoDB were worth $467,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in shares of MongoDB during the second quarter valued at about $27,000. Bessemer Group Inc. purchased a new position in shares of MongoDB in the fourth quarter valued at approximately $29,000. BluePath Capital Management LLC purchased a new position in shares of MongoDB in the third quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of MongoDB in the third quarter valued at approximately $35,000. Finally, AM Squared Ltd purchased a new position in shares of MongoDB in the third quarter valued at approximately $35,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Trading Up 5.4 %
MDB stock opened at $500.90 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB, Inc. has a twelve month low of $189.59 and a twelve month high of $507.25. The company’s 50 day moving average is $408.06 and its two-hundred day moving average is $382.88.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company posted ($1.23) EPS. As a group, equities research analysts expect that MongoDB, Inc. will post -1.63 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Barclays raised their price objective on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Mizuho raised their price objective on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $495.00 price objective on shares of MongoDB in a research note on Wednesday, January 17th. Finally, DA Davidson reiterated a “neutral” rating and issued a $405.00 price target on shares of MongoDB in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $429.50.
Read Our Latest Research Report on MongoDB
Insider Activity
In other MongoDB news, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MongoDB news, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the transaction, the chief executive officer now directly owns 198,166 shares in the company, valued at $80,409,817.82. The disclosure for this sale can be found here. Insiders have sold 81,777 shares of company stock valued at $33,554,031 in the last ninety days. 4.80% of the stock is currently owned by company insiders.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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