MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,558 shares of the company’s stock after selling 18,995 shares during the quarter. Ensign Peak Advisors Inc owned about 0.31% of MongoDB worth $56,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new stake in MongoDB during the fourth quarter worth about $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB during the 2nd quarter valued at approximately $25,000. J.Safra Asset Management Corp lifted its holdings in 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 acquiring an additional 116 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of MongoDB during the 2nd quarter worth $35,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of MongoDB during the 1st quarter worth $41,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

MDB stock opened at $278.45 on Friday. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of -99.09 and a beta of 1.15. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. 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 business has a 50 day moving average price of $259.06 and a 200 day moving average price of $297.93.

MongoDB (NASDAQ:MDB) last issued its earnings results 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 business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter in the prior year, the business posted ($0.63) EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Loop Capital lowered their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Scotiabank increased their price objective 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. UBS Group boosted their target price on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Robert W. Baird lowered their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $337.56.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction 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 transaction, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,005 shares of company stock worth $8,082,746. Corporate insiders own 3.60% of the company’s stock.

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.