Advisors Asset Management Inc. Sells 492 Shares of MongoDB, Inc. (NASDAQ:MDB)

Advisors Asset Management Inc. lessened its holdings in MongoDB, Inc. (NASDAQ:MDBGet Rating) by 32.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,037 shares of the company’s stock after selling 492 shares during the quarter. Advisors Asset Management Inc.’s holdings in MongoDB were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDB. John W. Brooker & Co. CPAs bought a new stake in MongoDB in the 2nd quarter valued at $26,000. Prentice Wealth Management LLC bought a new stake in MongoDB in the 2nd quarter valued at $26,000. Venture Visionary Partners LLC bought a new stake in MongoDB in the 2nd quarter valued at $28,000. FNY Investment Advisers LLC bought a new stake in MongoDB in the 2nd quarter valued at $41,000. Finally, UMB Bank n.a. increased its holdings in MongoDB by 422.6% in the 2nd quarter. UMB Bank n.a. now owns 162 shares of the company’s stock valued at $42,000 after buying an additional 131 shares during the period. Institutional investors own 89.85% of the company’s stock.

MongoDB Trading Down 2.4 %

NASDAQ MDB opened at $159.88 on Monday. The company has a market cap of $10.98 billion, a PE ratio of -29.83 and a beta of 1.07. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $580.47. The stock has a 50 day moving average of $189.34 and a 200-day moving average of $254.46.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($1.69) earnings per share for the quarter, missing the consensus estimate of ($1.52) by ($0.17). MongoDB had a negative return on equity of 52.05% and a negative net margin of 33.43%. The firm had revenue of $303.66 million for the quarter, compared to the consensus estimate of $282.31 million. During the same quarter in the previous year, the business earned ($1.15) EPS. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. On average, equities research analysts anticipate that MongoDB, Inc. will post -5.37 EPS for the current fiscal year.

Insider Activity

In other news, Director Archana Agrawal sold 663 shares of MongoDB stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $345.55, for a total transaction of $229,099.65. Following the sale, the director now directly owns 2,080 shares of the company’s stock, valued at $718,744. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MongoDB news, insider Thomas Bull sold 502 shares of MongoDB stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $198.84, for a total value of $99,817.68. Following the completion of the sale, the insider now directly owns 16,602 shares in the company, valued at $3,301,141.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Archana Agrawal sold 663 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $345.55, for a total value of $229,099.65. Following the sale, the director now owns 2,080 shares of the company’s stock, valued at approximately $718,744. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,665 shares of company stock valued at $19,034,603. 5.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent analyst reports. Needham & Company LLC reduced their target price on shares of MongoDB from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. Credit Suisse Group cut their target price on shares of MongoDB from $500.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, September 1st. Citigroup lowered their price target on MongoDB from $450.00 to $445.00 and set a “buy” rating for the company in a research note on Thursday, September 1st. The Goldman Sachs Group lowered their price target on MongoDB to $430.00 in a research note on Tuesday, September 6th. Finally, Royal Bank of Canada lowered their price target on MongoDB from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Thursday, September 1st. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $360.84.

About MongoDB

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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