Park Avenue Securities LLC Has $253,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Park Avenue Securities LLC lessened its holdings in MongoDB, Inc. (NASDAQ:MDBGet Rating) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,273 shares of the company’s stock after selling 73 shares during the quarter. Park Avenue Securities LLC’s holdings in MongoDB were worth $253,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Venture Visionary Partners LLC bought a new position in shares of MongoDB in the 2nd quarter valued at $28,000. Oppenheimer & Co. Inc. lifted its stake in shares of MongoDB by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,070 shares of the company’s stock valued at $1,056,000 after acquiring an additional 137 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of MongoDB by 7.0% in the 2nd quarter. Shell Asset Management Co. now owns 2,020 shares of the company’s stock valued at $524,000 after acquiring an additional 133 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of MongoDB by 61.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 2,082 shares of the company’s stock valued at $540,000 after acquiring an additional 793 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of MongoDB by 69.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,018 shares of the company’s stock valued at $6,492,000 after acquiring an additional 10,227 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 2,060 shares of MongoDB stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total transaction of $410,578.60. Following the completion of the transaction, the chief financial officer now owns 88,302 shares in the company, valued at approximately $17,599,471.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Dev Ittycheria sold 39,382 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.96, for a total value of $7,874,824.72. Following the transaction, the chief executive officer now owns 190,264 shares in the company, valued at approximately $38,045,189.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Lawrence Gordon sold 2,060 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total value of $410,578.60. Following the completion of the transaction, the chief financial officer now owns 88,302 shares in the company, valued at approximately $17,599,471.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,074 shares of company stock worth $11,604,647. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDB. Canaccord Genuity Group lowered their target price on MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. Needham & Company LLC raised their target price on MongoDB from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, December 21st. Oppenheimer lowered their target price on MongoDB from $375.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, December 7th. Robert W. Baird raised their target price on MongoDB from $205.00 to $230.00 in a research report on Wednesday, December 7th. Finally, JMP Securities raised MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 target price for the company in a research report on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $266.90.

MongoDB Stock Performance

Shares of MDB opened at $207.05 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a 50-day moving average of $181.53 and a 200-day moving average of $227.74. The company has a market cap of $14.35 billion, a PE ratio of -38.56 and a beta of 0.89. MongoDB, Inc. has a one year low of $135.15 and a one year high of $471.96.

MongoDB (NASDAQ:MDBGet Rating) last released its quarterly earnings results on Tuesday, December 6th. The company reported ($1.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.48) by $0.25. The business had revenue of $333.62 million during the quarter, compared to the consensus estimate of $302.39 million. MongoDB had a negative return on equity of 52.50% and a negative net margin of 30.73%. On average, equities research analysts predict that MongoDB, Inc. will post -4.65 EPS for the current fiscal year.

About MongoDB

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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