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US Bancorp DE reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,087 shares of the company’s stock after selling 549 shares during the period. US Bancorp DE’s holdings in MongoDB were worth $612,000 at the end of the most recent quarter.
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Other large investors have also recently added to or reduced their stakes in the company. Prentice Wealth Management LLC purchased a new stake in MongoDB during the 2nd quarter worth approximately $26,000. Venture Visionary Partners LLC purchased a new stake in shares of MongoDB in the 2nd quarter valued at approximately $28,000. UMB Bank n.a. increased its position in shares of MongoDB by 422.6% in the 2nd quarter. UMB Bank n.a. now owns 162 shares of the company’s stock valued at $42,000 after purchasing an additional 131 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of MongoDB by 41.5% in the 2nd quarter. Lindbrook Capital LLC now owns 174 shares of the company’s stock valued at $45,000 after purchasing an additional 51 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of MongoDB by 510.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 177 shares of the company’s stock valued at $44,000 after purchasing an additional 148 shares during the last quarter. 84.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on MDB. Citigroup increased their price objective on shares of MongoDB from $295.00 to $300.00 in a research report on Wednesday, December 7th. The Goldman Sachs Group dropped their price objective on shares of MongoDB from $380.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, December 7th. JMP Securities raised shares of MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a research report on Wednesday, December 7th. Wedbush initiated coverage on shares of MongoDB in a research report on Wednesday, December 14th. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, Robert W. Baird increased their target price on shares of MongoDB from $205.00 to $230.00 in a research report on Wednesday, December 7th. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.90.
MongoDB Stock Performance
Shares of MDB opened at $197.86 on Friday. The company has a 50-day simple moving average of $180.81 and a 200-day simple moving average of $229.04. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $13.71 billion, a PE ratio of -36.85 and a beta of 0.89. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $471.96.
MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings results on Tuesday, December 6th. The company reported ($1.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.48) by $0.25. The business had revenue of $333.62 million during the quarter, compared to the consensus estimate of $302.39 million. MongoDB had a negative net margin of 30.73% and a negative return on equity of 52.50%. Equities research analysts predict that MongoDB, Inc. will post -4.65 earnings per share for the current fiscal year.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the completion of the transaction, the director now directly owns 7,674 shares in the company, valued at approximately $1,601,180.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dev Ittycheria sold 39,382 shares of MongoDB stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $199.96, for a total transaction of $7,874,824.72. Following the completion of the sale, the chief executive officer now directly owns 190,264 shares in the company, valued at $38,045,189.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $208.65, for a total transaction of $245,163.75. Following the completion of the sale, the director now directly owns 7,674 shares in the company, valued at $1,601,180.10. The disclosure for this sale can be found here. In the last three months, insiders sold 58,074 shares of company stock worth $11,604,647. 5.70% of the stock is owned by corporate insiders.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
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