MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Lbp Am Sa

Lbp Am Sa reduced its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 54.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,806 shares of the company's stock after selling 134,285 shares during the period. Lbp Am Sa owned 0.14% of MongoDB worth $19,611,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of MongoDB by 68.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after purchasing an additional 413 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in MongoDB by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock valued at $272,000 after purchasing an additional 133 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in MongoDB by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 295,213 shares of the company's stock valued at $68,729,000 after acquiring an additional 16,794 shares during the period. Victory Capital Management Inc. grew its position in MongoDB by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 57,504 shares of the company's stock valued at $13,388,000 after buying an additional 377 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of MongoDB during the 4th quarter valued at about $10,135,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MDB shares. Daiwa America upgraded MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price for the company in a research note on Thursday, April 17th. Truist Financial lowered their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Daiwa Capital Markets began coverage on MongoDB in a report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective for the company. Finally, Piper Sandler increased their price objective on shares of MongoDB from $200.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.39.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 820 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total transaction of $172,888.80. Following the transaction, the director owned 1,106,186 shares in the company, valued at approximately $233,228,256.24. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 3,747 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $206.05, for a total value of $772,069.35. Following the completion of the transaction, the chief executive officer owned 253,227 shares in the company, valued at $52,177,423.35. The trade was a 1.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,746 shares of company stock worth $7,500,196. Corporate insiders own 3.10% of the company's stock.

MongoDB Price Performance

NASDAQ MDB opened at $208.90 on Wednesday. The stock's 50-day moving average is $196.81 and its 200-day moving average is $214.59. The firm has a market cap of $17.07 billion, a P/E ratio of -183.25 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 released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. MongoDB'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 EPS. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.