MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,237 shares of the company’s stock after selling 150 shares during the period. Evanson Asset Management LLC’s holdings in MongoDB were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of MongoDB by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after buying an additional 68,348 shares during the last quarter. Jennison Associates LLC boosted its stake in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after acquiring an additional 551,567 shares in the last quarter. Swedbank AB grew its holdings in shares of MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of MongoDB by 22.4% during the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after purchasing an additional 100,725 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of MongoDB by 109.0% in the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after purchasing an additional 232,101 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 3,556 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the completion of the sale, the chief executive officer now directly owns 219,875 shares in the company, valued at $56,342,968.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Dev Ittycheria sold 3,556 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $911,225.00. Following the sale, the chief executive officer now owns 219,875 shares in the company, valued at $56,342,968.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Lawrence Gordon sold 1,884 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $20,578,668.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,896 shares of company stock valued at $4,187,260 over the last quarter. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $259.44 on Tuesday. The firm has a market capitalization of $19.03 billion, a PE ratio of -92.33 and a beta of 1.15. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm’s 50-day simple moving average is $262.12 and its 200 day simple moving average is $289.28. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 business 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) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts predict that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price objective on shares of MongoDB in a report on Friday, August 30th. Piper Sandler lifted their price objective on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Tigress Financial decreased their target price on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Truist Financial boosted their price target on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Scotiabank increased their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.