DekaBank Deutsche Girozentrale Has $10.69 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

DekaBank Deutsche Girozentrale lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,141 shares of the company’s stock after selling 2,055 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of MongoDB worth $10,688,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in MongoDB during the 4th quarter worth $25,000. MFA Wealth Advisors LLC bought a new position in MongoDB during the 2nd quarter worth about $25,000. YHB Investment Advisors Inc. bought a new position in MongoDB during the 1st quarter worth about $41,000. Sunbelt Securities Inc. increased its holdings in MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer increased their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Tigress Financial lowered their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 11th. DA Davidson increased their target price on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley increased their target price on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Barclays decreased their price objective on MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $337.56.

MongoDB Trading Down 0.0 %

Shares of MDB stock opened at $290.05 on Tuesday. The firm has a 50 day moving average price of $256.45 and a two-hundred day moving average price of $301.10. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $21.28 billion, a PE ratio of -103.22 and a beta of 1.15. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62.

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, topping the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the business posted ($0.63) earnings per share. As a group, analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current year.

Insider Activity

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

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.