Baader Bank Aktiengesellschaft Sells 39,595 Shares of MongoDB, Inc. (NASDAQ:MDB)

Key Points

• Baader Bank Aktiengesellschaft significantly reduced its stake in MongoDB, Inc., selling 39,595 shares to hold just 5,000 shares, worth approximately $877,000.
• Multiple institutional investors modified their holdings in MongoDB, with notable actions including a 52.6% increase by Park Avenue Securities and new stakes purchased by 111 Capital and Sowell Financial Services.
• Analyst ratings for MongoDB show a consensus of "Moderate Buy," with multiple firms adjusting target prices, including Barclays raising it from $252 to $270.

Baader Bank Aktiengesellschaft trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 88.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company's stock after selling 39,595 shares during the period. Baader Bank Aktiengesellschaft's holdings in MongoDB were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. 111 Capital purchased a new stake in MongoDB during the 4th quarter valued at $390,000. Park Avenue Securities LLC boosted its holdings in shares of MongoDB by 52.6% during the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock valued at $461,000 after purchasing an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MongoDB by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock valued at $1,359,000 after acquiring an additional 298 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of MongoDB in the 1st quarter valued at about $263,000. Finally, Farther Finance Advisors LLC raised its position in MongoDB by 57.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock worth $219,000 after purchasing an additional 452 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDB has been the topic of several research reports. Barclays lifted their price objective on shares of MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Morgan Stanley decreased their target price on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Stephens initiated coverage on shares of MongoDB in a research report on Friday, July 18th. They issued an "equal weight" rating and a $247.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Finally, Stifel Nicolaus dropped their price objective on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $281.31.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the sale, the director owned 1,107,006 shares of the company's stock, valued at $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company's stock.

MongoDB Price Performance

NASDAQ MDB opened at $244.36 on Thursday. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of -214.35 and a beta of 1.41. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The business's fifty day moving average is $209.81 and its 200-day moving average is $212.60.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company 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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