MongoDB, Inc. (NASDAQ:MDB) Holdings Decreased by XTX Topco Ltd

XTX Topco Ltd lessened its stake in MongoDB, Inc. (NASDAQ:MDB) by 23.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,832 shares of the company’s stock after selling 552 shares during the period. XTX Topco Ltd’s holdings in MongoDB were worth $458,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the 2nd quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new position in shares of MongoDB during the 1st quarter valued at about $41,000. Sunbelt Securities Inc. grew its stake in shares of MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in shares of 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 purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Up 0.2 %

NASDAQ MDB opened at $279.92 on Wednesday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market cap of $20.53 billion, a PE ratio of -99.62 and a beta of 1.15. The firm has a 50-day simple moving average of $260.03 and a 200 day simple moving average of $295.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the company earned ($0.63) EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, research analysts forecast that MongoDB, Inc. will post -2.46 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Loop Capital reduced their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. Barclays decreased their target price on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird dropped their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Finally, Needham & Company LLC upped their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $337.56.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now owns 1,140,006 shares in the company, valued at approximately $263,341,386. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction dated 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 $4,568,824.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,005 shares of company stock valued at $5,802,746. Corporate insiders own 3.60% of the company’s stock.

MongoDB Profile

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.