Park Avenue Securities LLC Has $704,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Park Avenue Securities LLC trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 9.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,963 shares of the company’s stock after selling 204 shares during the period. Park Avenue Securities LLC’s holdings in MongoDB were worth $704,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in MongoDB in the fourth quarter valued at $25,000. Blue Trust Inc. increased its stake in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. Beacon Capital Management LLC raised its position in shares of MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of MongoDB by 156.1% in the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock worth $50,000 after acquiring an additional 89 shares during the period. Finally, GAMMA Investing LLC bought a new stake in MongoDB in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the transaction, the executive now directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now owns 45,444 shares in the company, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,976 shares of company stock valued at $19,770,973. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

NASDAQ MDB opened at $244.15 on Friday. The company’s 50 day moving average is $306.14 and its 200-day moving average is $367.45. The firm has a market cap of $17.91 billion, a P/E ratio of -86.89 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. Sell-side analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDB shares. Citigroup lowered their target price on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a report on Monday, June 3rd. Scotiabank cut their target price on shares of MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Monday, June 3rd. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Finally, Loop Capital reduced their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $361.30.

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.