Toronto Dominion Bank Sells 1256 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Toronto Dominion Bank Sells 1256 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Toronto Dominion Bank trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,095 shares of the company’s stock after selling 1,256 shares during the period. Toronto Dominion Bank’s holdings in MongoDB were worth $4,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDB. 1832 Asset Management L.P. raised its stake in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Renaissance Technologies LLC raised its stake in MongoDB by 493.2% in the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock worth $180,738,000 after buying an additional 763,400 shares in the last quarter. Norges Bank bought a new position in MongoDB in the fourth quarter worth about $147,735,000. William Blair Investment Management LLC raised its stake in MongoDB by 2,354.2% in the fourth quarter. William Blair Investment Management LLC now owns 387,366 shares of the company’s stock worth $76,249,000 after buying an additional 371,582 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in MongoDB by 72.9% in the fourth quarter. First Trust Advisors LP now owns 613,818 shares of the company’s stock worth $120,935,000 after buying an additional 258,783 shares in the last quarter. 88.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 2,174 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the sale, the director now owns 8,200 shares in the company, valued at $3,060,158. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the completion of the sale, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mark Porter sold 2,734 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $412.33, for a total value of $1,127,310.22. Following the sale, the chief technology officer now directly owns 35,056 shares of the company’s stock, valued at approximately $14,454,640.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,551 shares of company stock worth $31,143,942. 4.80% of the stock is owned by insiders.

MongoDB Trading Up 3.0 %

Shares of MDB stock opened at $392.88 on Friday. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $389.98 and its 200 day moving average is $304.60. The stock has a market capitalization of $27.73 billion, a P/E ratio of -84.13 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter last year, the company posted ($1.15) earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Research analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group increased their price target on shares of MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. KeyCorp increased their price target on shares of MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Morgan Stanley upped their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Piper Sandler upped their price objective on shares of MongoDB from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $405.35.

View Our Latest Report on MongoDB

MongoDB Company Profile

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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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