MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 49.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,614 shares of the company's stock after selling 4,579 shares during the period. Oppenheimer & Co. Inc.'s holdings in MongoDB were worth $809,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. boosted its holdings in MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after acquiring an additional 181,962 shares during the period. Geode Capital Management LLC boosted its holdings in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after acquiring an additional 22,106 shares during the period. First Trust Advisors LP raised its stake in shares of MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after purchasing an additional 95,893 shares during the period. Finally, Norges Bank acquired a new position in shares of MongoDB during the fourth quarter worth $189,584,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Stock Performance

MongoDB stock opened at $209.92 on Monday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The company has a 50-day simple moving average of $190.83 and a 200-day simple moving average of $216.65. The firm has a market capitalization of $17.15 billion, a P/E ratio of -184.14 and a beta of 1.40.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (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 firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business posted $0.51 EPS. MongoDB's revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 820 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total value of $172,888.80. Following the sale, the director now directly owns 1,106,186 shares in the company, valued at $233,228,256.24. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,202 shares of company stock worth $10,576,696 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MDB shares. Stifel Nicolaus dropped their price target on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Monness Crespi & Hardt raised MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 target price on the stock in a research report on Thursday, June 5th. Truist Financial cut their price target on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank increased their price target on MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Finally, Redburn Atlantic upgraded 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. Eight investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.47.

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.

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