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Truvestments Capital LLC Decreases Position in MongoDB, Inc. (NASDAQ:MDB)

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Truvestments Capital LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,458 shares of the company’s stock after selling 42 shares during the period. Truvestments Capital LLC’s holdings in MongoDB were worth $647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Commerce Bank raised its stake in MongoDB by 1.7% in the 4th quarter. Commerce Bank now owns 1,413 shares of the company’s stock worth $747,000 after acquiring an additional 24 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in MongoDB by 6.9% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Profund Advisors LLC grew its position in MongoDB by 5.2% during the 4th quarter. Profund Advisors LLC now owns 647 shares of the company’s stock worth $342,000 after purchasing an additional 32 shares during the period. Ieq Capital LLC grew its position in MongoDB by 2.3% during the 1st quarter. Ieq Capital LLC now owns 1,485 shares of the company’s stock worth $659,000 after purchasing an additional 34 shares during the period. Finally, Wedbush Securities Inc. grew its position in MongoDB by 1.8% during the 1st quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

MongoDB Stock Up 8.2 %

MDB stock opened at $307.57 on Thursday. MongoDB, Inc. has a 52 week low of $213.39 and a 52 week high of $590.00. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $269.38 and a 200 day simple moving average of $346.03. The company has a market cap of $20.95 billion, a PE ratio of -63.55 and a beta of 0.91.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The company had revenue of $285.45 million for the quarter, compared to analyst estimates of $267.10 million. During the same period in the previous year, the firm earned ($0.98) earnings per share. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. Sell-side analysts anticipate that MongoDB, Inc. will post -5.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDB. Stifel Nicolaus dropped their target price on MongoDB from $425.00 to $340.00 in a research report on Thursday, June 2nd. Citigroup raised their target price on shares of MongoDB from $405.00 to $425.00 in a research note on Thursday, June 2nd. Robert W. Baird assumed coverage on shares of MongoDB in a research report on Tuesday, July 12th. They set an “outperform” rating and a $360.00 price target on the stock. Mizuho reduced their price target on shares of MongoDB from $325.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 18th. Finally, Needham & Company LLC boosted their target price on MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

Insider Buying and Selling

In other news, CRO Cedric Pech sold 350 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total transaction of $92,561.00. Following the completion of the transaction, the executive now owns 45,785 shares in the company, valued at approximately $12,108,301.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 14,000 shares of MongoDB stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $349.22, for a total value of $4,889,080.00. Following the transaction, the director now directly owns 1,323,384 shares of the company’s stock, valued at approximately $462,152,160.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the completion of the transaction, the executive now directly owns 45,785 shares in the company, valued at $12,108,301.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,185 shares of company stock worth $23,594,636. 5.70% of the stock is owned by corporate insiders.

MongoDB Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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