Lbp Am Sa Cuts Stake in MongoDB, Inc. (NASDAQ:MDB)

LBP AM SA cut its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 54.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,806 shares of the company's stock after selling 134,285 shares during the quarter. LBP AM SA owned approximately 0.14% of MongoDB worth $19,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDB. Cloud Capital Management LLC bought a new position in shares of MongoDB during the 1st quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB during the fourth quarter worth about $29,000. Coppell Advisory Solutions LLC boosted its stake in shares of MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after purchasing an additional 182 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of MongoDB during the fourth quarter valued at about $97,000. Finally, Fifth Third Bancorp increased its position in MongoDB by 15.9% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after acquiring an additional 78 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Down 1.6%

Shares of NASDAQ MDB traded down $3.57 during trading on Thursday, reaching $213.55. The company had a trading volume of 1,753,710 shares, compared to its average volume of 1,968,764. The business's 50-day moving average is $197.71 and its 200 day moving average is $214.60. The stock has a market cap of $17.45 billion, a PE ratio of -187.16 and a beta of 1.41. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

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

Insider Transactions at MongoDB

In other news, CEO Dev Ittycheria sold 25,005 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,746 shares of company stock worth $7,500,196 in the last quarter. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective for the company in a research report on Thursday, June 5th. Truist Financial decreased their target price on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, March 31st. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Stifel Nicolaus reduced their price target on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $282.39.

About MongoDB

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.