MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,155 shares of the company’s stock after selling 316 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in MongoDB were worth $1,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. Atalanta Sosnoff Capital LLC boosted its holdings in shares of MongoDB by 24.7% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock worth $22,205,000 after buying an additional 10,753 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of MongoDB in the fourth quarter worth approximately $10,545,000. Prudential PLC raised its holdings in shares of MongoDB by 2.4% during the fourth quarter. Prudential PLC now owns 21,169 shares of the company’s stock valued at $8,655,000 after acquiring an additional 489 shares during the period. Finally, Bornite Capital Management LP acquired a new position in MongoDB in the 4th quarter worth approximately $6,133,000. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction dated 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 owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other MongoDB news, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold 32,005 shares of company stock worth $8,082,746 in the last ninety days. Insiders own 3.60% of the company’s stock.

MongoDB Trading Down 1.9 %

MongoDB stock opened at $278.45 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The firm has a market capitalization of $20.42 billion, a PE ratio of -99.09 and a beta of 1.15. The business’s 50-day simple moving average is $259.06 and its 200-day simple moving average is $297.93.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.63) earnings per share. Equities research analysts forecast that MongoDB, Inc. will post -2.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Tigress Financial reduced their price objective on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Mizuho increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Loop Capital lowered their price objective 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. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $337.56.

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.