TRUE Private Wealth Advisors Cuts Stock Holdings in Mongodb Inc (NASDAQ:MDB)

TRUE Private Wealth Advisors decreased its holdings in shares of Mongodb Inc (NASDAQ:MDB) by 17.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,431 shares of the company’s stock after selling 300 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Mongodb were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC grew its holdings in shares of Mongodb by 1,638.5% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 213 shares in the last quarter. Advisory Services Network LLC bought a new stake in Mongodb in the 2nd quarter worth approximately $33,000. Lindbrook Capital LLC lifted its position in Mongodb by 50.0% in the 2nd quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Mongodb by 29.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 404 shares of the company’s stock worth $61,000 after buying an additional 92 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its position in Mongodb by 214.7% in the 2nd quarter. Meridian Wealth Management LLC now owns 472 shares of the company’s stock worth $72,000 after buying an additional 322 shares during the last quarter. 67.69% of the stock is owned by institutional investors.

MDB has been the subject of a number of recent research reports. Oppenheimer boosted their target price on Mongodb from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Needham & Company LLC restated a “buy” rating and issued a $159.00 target price (up previously from $130.00) on shares of Mongodb in a research report on Tuesday, June 4th. DA Davidson boosted their target price on Mongodb to $165.00 in a research report on Wednesday, June 19th. KeyCorp boosted their target price on Mongodb from $165.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 19th. Finally, Barclays boosted their target price on Mongodb from $143.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $154.21.



In other news, CRO Cedric Pech sold 29,809 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $180.86, for a total transaction of $5,391,255.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles M. Hazard, Jr. sold 2,017 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $140.30, for a total value of $282,985.10. The disclosure for this sale can be found here. Insiders have sold 227,088 shares of company stock worth $35,102,249 over the last three months. Insiders own 40.04% of the company’s stock.

MDB stock traded down $0.07 during midday trading on Thursday, hitting $142.21. The company had a trading volume of 10,774 shares, compared to its average volume of 1,384,713. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.93. Mongodb Inc has a 52 week low of $62.30 and a 52 week high of $184.78. The firm has a 50 day moving average price of $151.76. The company has a market capitalization of $7.94 billion, a PE ratio of -82.16 and a beta of 0.14.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The firm had revenue of $89.40 million during the quarter, compared to the consensus estimate of $83.50 million. During the same quarter in the previous year, the company posted ($0.43) earnings per share. The business’s revenue was up 78.3% on a year-over-year basis. Equities research analysts predict that Mongodb Inc will post -2.07 EPS for the current year.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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