MongoDB, Inc. (NASDAQ:MDB) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,674 shares of the company’s stock after selling 6,448 shares during the period. ProShare Advisors LLC owned 0.09% of MongoDB worth $16,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Transcendent Capital Group LLC purchased a new position in MongoDB in the 4th quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the second quarter worth about $25,000. J.Safra Asset Management Corp boosted its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in MongoDB during the 2nd quarter valued at about $35,000. Finally, YHB Investment Advisors Inc. acquired a new stake in MongoDB in the 1st quarter valued at about $41,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $279.48 on Tuesday. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $259.60 and its 200 day moving average price is $296.21. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of -99.46 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million during 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 company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted ($0.63) EPS. As a group, research analysts forecast that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Loop Capital lowered their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Stifel Nicolaus raised their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Oppenheimer boosted their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Canaccord Genuity Group cut their price target on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $337.56.

Insider Buying and Selling

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the sale, the chief financial officer now directly owns 81,942 shares of the company’s stock, valued at approximately $20,668,230.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the sale, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total value of $1,261,150.00. Following the completion of the transaction, the chief financial officer now owns 81,942 shares of the company’s stock, valued at $20,668,230.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,005 shares of company stock worth $5,802,746. 3.60% of the stock is owned by corporate insiders.

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.