Bamco Inc. NY Cuts Stake in MongoDB, Inc. (NASDAQ:MDB)

Bamco Inc. NY reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,655 shares of the company’s stock after selling 65 shares during the period. Bamco Inc. NY’s holdings in MongoDB were worth $594,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in MongoDB during the 4th quarter worth approximately $25,000. Blue Trust Inc. increased its position in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in MongoDB during the 1st quarter worth approximately $41,000. Sunbelt Securities Inc. increased its position in MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in MongoDB during the 4th quarter worth approximately $50,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MDB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $290.00 price objective on shares of MongoDB in a research report on Thursday, June 13th. Mizuho lowered their price objective on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Bank of America lowered their price objective on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Canaccord Genuity Group lowered their price objective on shares of 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 raised shares of MongoDB to a “hold” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $355.74.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 138 shares of MongoDB 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 transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $228.00, for a total value of $2,280,000.00. Following the transaction, the director now owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was 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 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 a total of 35,179 shares of company stock worth $9,535,839 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $1.41 during midday trading on Monday, reaching $252.09. 335,643 shares of the company traded hands, compared to its average volume of 1,522,954. MongoDB, Inc. has a 52 week low of $214.74 and a 52 week high of $509.62. The stock has a 50-day moving average price of $261.27 and a 200 day moving average price of $345.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The company has a market cap of $18.49 billion, a price-to-earnings ratio of -90.21 and a beta of 1.13.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. Sell-side analysts anticipate that MongoDB, Inc. will post -2.67 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.