MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,721 shares of the company’s stock after selling 310 shares during the period. Victory Capital Management Inc. owned about 0.08% of MongoDB worth $14,678,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in MongoDB during the fourth quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new position in MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp boosted its holdings in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in MongoDB during the 2nd quarter worth approximately $35,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of MongoDB during the first quarter valued at approximately $41,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold 33,179 shares of company stock valued at $8,346,169 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $290.09 on Friday. 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 company has a market cap of $21.28 billion, a P/E ratio of -103.23 and a beta of 1.15. The stock has a 50-day moving average of $255.85 and a two-hundred day moving average of $304.22. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the business earned ($0.63) EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current year.

Wall Street Analyst Weigh In

MDB has been the subject of several research reports. Piper Sandler boosted their price target on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Bank of America boosted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays decreased their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Canaccord Genuity Group dropped their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock 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.