Lbp Am Sa Reduces Stock Position in MongoDB, Inc. (NASDAQ:MDB)

LBP AM SA trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 54.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,806 shares of the company's stock after selling 134,285 shares during the quarter. LBP AM SA owned about 0.14% of MongoDB worth $19,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC boosted its position in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after acquiring an additional 39 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after buying an additional 75 shares during the period. Fifth Third Bancorp increased its holdings in shares of MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of MongoDB by 5.6% during the 1st quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock worth $307,000 after buying an additional 93 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the completion of the sale, the chief executive officer directly owned 256,974 shares of the company's stock, valued at $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,746 shares of company stock valued at $7,500,196. Corporate insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MDB stock traded down $6.76 on Friday, reaching $202.51. 1,692,989 shares of the company were exchanged, compared to its average volume of 1,970,654. The company has a 50-day moving average of $198.45 and a 200-day moving average of $214.37. The company has a market cap of $16.55 billion, a price-to-earnings ratio of -177.64 and a beta of 1.41. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period in the prior year, the firm earned $0.51 earnings per share. MongoDB's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Daiwa Capital Markets assumed coverage on MongoDB in a research report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price target for the company. JMP Securities restated a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. Rosenblatt Securities lowered their price objective on MongoDB from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. Redburn Atlantic upgraded MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a research note on Thursday, April 17th. Finally, Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.39.

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.