Western Wealth Management LLC Sells 1157 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Western Wealth Management LLC Sells 1157 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Western Wealth Management LLC trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 53.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,005 shares of the company’s stock after selling 1,157 shares during the period. Western Wealth Management LLC’s holdings in MongoDB were worth $413,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Atika Capital Management LLC lifted its stake in shares of MongoDB by 5.3% in the second quarter. Atika Capital Management LLC now owns 31,500 shares of the company’s stock worth $12,946,000 after buying an additional 1,575 shares during the last quarter. Raymond James & Associates lifted its stake in shares of MongoDB by 227.2% in the second quarter. Raymond James & Associates now owns 39,361 shares of the company’s stock worth $16,177,000 after buying an additional 27,331 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MongoDB in the second quarter worth $6,704,000. American Trust acquired a new position in MongoDB during the 2nd quarter valued at $349,000. Finally, Empower Advisory Group LLC acquired a new position in MongoDB during the 1st quarter valued at $7,302,000. 88.89% of the stock is owned by institutional investors.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 308 shares of MongoDB stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total transaction of $100,491.16. Following the completion of the sale, the executive now owns 34,110 shares in the company, valued at approximately $11,129,069.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CRO Cedric Pech sold 308 shares of MongoDB stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total transaction of $100,491.16. Following the completion of the sale, the executive now owns 34,110 shares in the company, valued at approximately $11,129,069.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dev Ittycheria sold 134,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total transaction of $43,844,800.00. Following the transaction, the chief executive officer now directly owns 218,085 shares in the company, valued at approximately $71,357,412. The disclosure for this sale can be found here. Insiders sold a total of 298,337 shares of company stock worth $106,126,741 in the last quarter. 4.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price for the company in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating and set a $450.00 target price on shares of MongoDB in a research note on Monday, December 4th. Morgan Stanley upped their target price on shares of MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, September 1st. Oppenheimer upped their target price on shares of MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein increased their price objective on shares of MongoDB from $424.00 to $471.00 in a research note on Sunday, September 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $432.44.

View Our Latest Research Report on MongoDB

MongoDB Trading Up 0.2 %

MDB opened at $420.17 on Friday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $29.98 billion, a PE ratio of -159.16 and a beta of 1.19. MongoDB, Inc. has a 1-year low of $164.59 and a 1-year high of $442.84. The firm has a 50-day moving average price of $377.91 and a two-hundred day moving average price of $377.47.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company had revenue of $432.94 million during the quarter, compared to analysts’ expectations of $406.33 million. During the same quarter in the previous year, the company earned ($1.23) EPS. MongoDB’s revenue was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.

About MongoDB

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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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