Victory Capital Management Inc. Has $9.68 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Victory Capital Management Inc. lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,157 shares of the company's stock after selling 2,347 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of MongoDB worth $9,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. 111 Capital bought a new position in shares of MongoDB in the fourth quarter valued at approximately $390,000. Park Avenue Securities LLC raised its position in shares of MongoDB by 52.6% in the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock valued at $461,000 after purchasing an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after acquiring an additional 298 shares during the period. Sowell Financial Services LLC bought a new position in MongoDB during the first quarter worth $263,000. Finally, Farther Finance Advisors LLC increased its position in MongoDB by 57.2% during the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock worth $219,000 after acquiring an additional 452 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Up 2.6%

Shares of MDB stock traded up $6.21 on Friday, reaching $241.37. 3,587,641 shares of the stock were exchanged, compared to its average volume of 1,955,337. The business's 50 day moving average price is $205.47 and its 200 day moving average price is $212.72. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of -211.73 and a beta of 1.41. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. Equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the completion of the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,746 shares of company stock worth $7,725,196 in the last ninety days. Insiders own 3.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDB. Stephens began coverage on shares of MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 target price on the stock. Cantor Fitzgerald lifted their price target on shares of MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. William Blair restated an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. JMP Securities restated a "market outperform" rating and issued a $345.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Finally, Morgan Stanley lowered their target price on MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.35.

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.