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

LBP AM SA decreased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & 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 approximately 0.14% of MongoDB worth $19,611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MDB. Cloud Capital Management LLC purchased a new position in MongoDB during the first quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB in the fourth quarter valued at approximately $29,000. Coppell Advisory Solutions LLC boosted its stake in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after purchasing an additional 182 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of MongoDB in the fourth quarter valued at approximately $97,000. Finally, Fifth Third Bancorp boosted its stake in shares of MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after purchasing an additional 78 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Up 3.9%

Shares of NASDAQ MDB traded up $8.22 on Wednesday, reaching $217.12. 3,143,044 shares of the company traded hands, compared to its average volume of 1,969,598. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The company has a 50 day moving average of $197.71 and a 200 day moving average of $214.60. The stock has a market capitalization of $17.74 billion, a PE ratio of -190.46 and a beta of 1.41.

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

Insider Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 3,747 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $206.05, for a total value of $772,069.35. Following the completion of the sale, the chief executive officer owned 253,227 shares of the company's stock, valued at $52,177,423.35. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares of the company's stock, valued at $4,241,983.68. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,746 shares of company stock valued at $7,500,196. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MDB has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of MongoDB in a report on Thursday, June 5th. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective on the stock in a report on Thursday, April 17th. Truist Financial cut their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Wolfe Research assumed coverage on shares of MongoDB in a report on Wednesday. They set an "outperform" rating and a $280.00 price objective on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. 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 company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price 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.