MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,100 shares of the company's stock after selling 2,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in MongoDB were worth $4,578,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDB. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB during the fourth quarter valued at approximately $29,000. NCP Inc. bought a new position in shares of MongoDB during the fourth quarter valued at approximately $35,000. Coppell Advisory Solutions LLC boosted its stake in 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 acquiring an additional 182 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after acquiring an additional 134 shares during the period. Finally, J.Safra Asset Management Corp increased its stake in shares of MongoDB by 72.0% in the 4th quarter. J.Safra Asset Management Corp now owns 387 shares of the company's stock valued at $91,000 after purchasing an additional 162 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. The trade was a 2.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was 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 now directly owns 256,974 shares of the company's stock, valued at $60,131,916. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,382 shares of company stock worth $10,403,807 in the last quarter. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MDB has been the subject of a number of analyst reports. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price objective on shares of MongoDB in a report on Thursday, June 5th. KeyCorp lowered MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Barclays increased their target price on shares of MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Finally, Piper Sandler increased their target price on shares of MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $282.47.

MongoDB Trading Down 1.3%

Shares of MDB traded down $2.65 during mid-day trading on Friday, reaching $201.50. The company had a trading volume of 3,609,482 shares, compared to its average volume of 1,963,536. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of -176.75 and a beta of 1.39. The firm has a fifty day simple moving average of $185.96 and a 200-day simple moving average of $221.16. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating 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%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB 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.