MongoDB, Inc. (NASDAQ:MDB) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 44.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,501 shares of the company’s stock after selling 1,985 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $676,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of MongoDB during the 4th quarter worth $25,000. MFA Wealth Advisors LLC purchased a new position in MongoDB during the 2nd quarter valued at about $25,000. Sunbelt Securities Inc. raised its position in MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after acquiring an additional 76 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of MongoDB by 682.4% in the second 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 in the last quarter. Finally, Quarry LP grew its position in shares of MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $292.86 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of -104.22 and a beta of 1.15. The business has a 50-day moving average of $265.14 and a 200-day moving average of $287.65.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the company earned ($0.63) earnings per share. MongoDB’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Dev Ittycheria sold 3,556 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $911,225.00. Following the completion of the transaction, the chief executive officer now owns 219,875 shares in the company, valued at approximately $56,342,968.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,896 shares of company stock valued at $4,187,260. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Piper Sandler lifted their price objective on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. DA Davidson boosted their target price on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial raised their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Morgan Stanley boosted their price objective on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $337.96.

About MongoDB

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.