Pacer Advisors Inc. Reduces Holdings in MongoDB, Inc. (NASDAQ:MDB)

Pacer Advisors Inc. lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,421 shares of the company’s stock after selling 189 shares during the quarter. Pacer Advisors Inc.’s holdings in MongoDB were worth $1,105,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in shares of MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the last quarter. Swedbank AB lifted its position in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares during the last quarter. Clearbridge Investments LLC boosted its stake in MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after buying an additional 232,101 shares during the period. First Trust Advisors LP increased its position in shares of MongoDB by 59.3% during the fourth quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock valued at $224,480,000 after acquiring an additional 204,284 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after acquiring an additional 194,148 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the sale, the chief financial officer now owns 81,942 shares of the company’s stock, valued at $20,668,230.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $1,061,160.00. Following the completion of the transaction, the director now owns 1,142,006 shares in the company, valued at $302,962,771.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the sale, the chief financial officer now owns 81,942 shares in the company, valued at $20,668,230.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,005 shares of company stock valued at $5,557,746. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MDB shares. Needham & Company LLC increased their price objective on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays dropped their price objective on MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Canaccord Genuity Group decreased their target price on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Oppenheimer lifted their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Loop Capital reduced their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $337.56.

MongoDB Stock Down 1.1 %

MDB stock opened at $269.53 on Friday. The stock has a market cap of $19.77 billion, a P/E ratio of -95.92 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company’s 50 day moving average is $260.86 and its two-hundred day moving average is $295.21.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the prior year, the firm earned ($0.63) EPS. The business’s revenue was up 12.8% on a year-over-year basis. Research analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

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.