Mn Services Vermogensbeheer BV sells 800 shares of MongoDB, Inc. (NASDAQ:MDB)

Mn Services Vermogensbeheer BV reduced its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 2.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,300 shares of the company’s stock after selling 800 shares during the period. Mn Services Vermogensbeheer BV’s holdings in MongoDB were worth $7,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Slow Capital Inc. boosted its stake in MongoDB by 3.7% in the second quarter. Slow Capital Inc. now owns 15,902 shares of the company’s stock worth $3,975,000 after purchasing an additional 573 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of MongoDB by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock worth $1,450,000 after buying an additional 100 shares in the last quarter. MN Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter worth $576,000. MFA Wealth Advisors LLC purchased a new position in MongoDB in the second quarter valued at $25,000. Finally, Fifth Third Bancorp raised its stake in MongoDB by 7.6% during the second quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock valued at $155,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 89.29% of the company’s shares.

Insiders place their bets

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the sale, the director now directly owns 13,011 shares in the company, valued at approximately $2,919,408.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the transaction, the director now owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the director now directly owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders have sold 30,179 shares of company stock worth $7,368,989 over the last ninety days. 3.60% of shares are owned by company insiders.

Changes in Analyst Ratings

MDB has been the subject of several research reports. DA Davidson raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday, May 31st. Bank of America cut their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. JMP Securities cut their price target on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a report on Friday, May 31st. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a report on Tuesday, May 28th. Finally, Wells Fargo & Company decreased their target price on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $355.74, based on data from MarketBeat.

Read our latest analysis of MDB

MongoDB stock up 0.4%

Shares of MDB stock opened at $247.61 on Monday. The firm has a market cap of $18.16 billion, a P/E ratio of -88.12 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The firm has a fifty day moving average price of $245.28 and a 200 day moving average price of $321.87. The company has a current ratio of 4.93, a quick ratio of 4.93, and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB – Get Your Free Report ) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.80). The company had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. Equities research analysts expect MongoDB, Inc. to post -2.67 earnings per share for the current year.

MongoDB profile

(Free report)

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

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