1832 Asset Management L.P. Trims Stake in MongoDB, Inc. (NASDAQ:MDB)

1832 Asset Management L.P. lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 64.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 181,707 shares of the company’s stock after selling 334,493 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.25% of MongoDB worth $45,419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in MongoDB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after buying an additional 68,348 shares in the last quarter. Jennison Associates LLC raised its holdings in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after acquiring an additional 551,567 shares during the last quarter. Swedbank AB raised its holdings in MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after acquiring an additional 400,705 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in MongoDB by 22.4% in the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock valued at $197,497,000 after acquiring an additional 100,725 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in MongoDB by 59.3% in the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock valued at $224,480,000 after acquiring an additional 204,284 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $278.45 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. The firm has a 50-day moving average of $259.06 and a two-hundred day moving average of $297.15. The stock has a market cap of $20.42 billion, a P/E ratio of -99.09 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The company 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 firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.63) EPS. On average, research analysts expect that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director now directly owns 1,146,003 shares of the company’s stock, valued at approximately $280,770,735. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $1,061,160.00. Following the transaction, the director now owns 1,142,006 shares of the company’s stock, valued at $302,962,771.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director now directly owns 1,146,003 shares in the company, valued at approximately $280,770,735. The disclosure for this sale can be found here. Insiders sold a total of 22,005 shares of company stock valued at $5,802,746 in the last ninety days. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MDB shares. Mizuho boosted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Barclays dropped 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. DA Davidson upped their price objective on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price objective on MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Robert W. Baird dropped their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $337.56.

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.