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.
View Our Latest Stock Analysis on MDB
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
(
Free Report)
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.
Further Reading

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