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Victory Capital Management Inc. Sells 2,347 Shares of MongoDB, Inc. (NASDAQ:MDB)

MongoDB logo with Computer and Technology background

Victory Capital Management Inc. reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 55,157 shares of the company's stock after selling 2,347 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of MongoDB worth $9,675,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. 111 Capital acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $390,000. Park Avenue Securities LLC grew its stake 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 buying an additional 907 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 purchasing 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 boosted 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 purchasing an additional 452 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MDB shares. Monness Crespi & Hardt raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 target price for the company in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price target on shares of MongoDB in a research note on Thursday, June 5th. UBS Group boosted their target price on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and reduced their price target for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Stephens initiated coverage on MongoDB in a report on Friday, July 18th. They set an "equal weight" rating and a $247.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $281.31.

View Our Latest Report on MongoDB

MongoDB Stock Up 1.3%

NASDAQ MDB traded up $3.04 on Monday, reaching $244.41. The company had a trading volume of 2,271,285 shares, compared to its average volume of 1,979,457. The stock has a market capitalization of $19.97 billion, a P/E ratio of -214.39 and a beta of 1.41. The company's fifty day moving average is $207.58 and its 200 day moving average is $212.18. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week 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 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The business had revenue of $549.01 million during 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%. MongoDB's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer directly owned 236,557 shares of the company's stock, valued at $57,693,886.73. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,416 shares of company stock valued at $11,691,656. 3.10% of the stock is owned by insiders.

MongoDB Profile

(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.

See Also

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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