Meiji Yasuda Life Insurance Co Has $355,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Meiji Yasuda Life Insurance Co decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 43.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,420 shares of the company’s stock after selling 1,080 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in MongoDB were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB during the 4th quarter valued at about $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter valued at $25,000. J.Safra Asset Management Corp lifted its stake in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in MongoDB in the second quarter worth $35,000. Finally, YHB Investment Advisors Inc. acquired a new position in MongoDB during the first quarter worth $41,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 2.3 %

MDB opened at $280.11 on Thursday. The company has a market capitalization of $20.55 billion, a P/E ratio of -99.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The firm’s fifty day moving average price is $257.85 and its two-hundred day moving average price is $299.90. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the director now owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,005 shares of company stock valued at $8,082,746. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Oppenheimer upped their price target on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Tigress Financial dropped their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Sanford C. Bernstein upped their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Finally, Scotiabank boosted their target price on shares of MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

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.