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Simplicity Wealth LLC decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 21.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 849 shares of the company’s stock after selling 237 shares during the quarter. Simplicity Wealth LLC’s holdings in MongoDB were worth $212,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after acquiring an additional 68,348 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after acquiring an additional 551,567 shares during the last quarter. Norges Bank bought a new position in shares of MongoDB in the fourth quarter worth about $326,237,000. Champlain Investment Partners LLC increased its stake in shares of MongoDB by 22.4% in the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock valued at $197,497,000 after buying an additional 100,725 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of MongoDB by 59.3% in the fourth quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock valued at $224,480,000 after buying an additional 204,284 shares during the period. Institutional investors own 89.29% of the company’s stock.
Wall Street Analysts Forecast Growth
MDB has been the subject of several recent research reports. Robert W. Baird lowered their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Citigroup lowered their price objective on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Wells Fargo & Company lowered their price objective on MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Barclays decreased their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Finally, Scotiabank decreased their target price on shares of MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a research report on Monday, June 3rd. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.74.
View Our Latest Analysis on MDB
MongoDB Trading Down 1.1 %
Shares of MongoDB stock opened at $232.37 on Tuesday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The firm has a market cap of $17.04 billion, a PE ratio of -82.69 and a beta of 1.13. The stock has a fifty day moving average price of $241.17 and a 200-day moving average price of $334.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The company had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. Equities research analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the transaction, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Monday, June 17th. The stock was 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 in the company, valued at approximately $2,919,408.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 273 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 $72,424.17. Following the sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. Insiders sold 30,179 shares of company stock valued at $7,368,989 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.
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.
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