DNB Asset Management AS Has $2.87 Million Position in MongoDB, Inc. (NASDAQ:MDB)

DNB Asset Management AS decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 63.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,485 shares of the company’s stock after selling 20,060 shares during the period. DNB Asset Management AS’s holdings in MongoDB were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in MongoDB by 64.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock worth $2,305,000 after buying an additional 2,213 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in shares of MongoDB during the 4th quarter valued at about $58,000. International Assets Investment Management LLC boosted its position in shares of MongoDB by 31,796.1% during the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after purchasing an additional 89,665 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in MongoDB by 176.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,811 shares of the company’s stock worth $740,000 after purchasing an additional 1,155 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the sale, the director now directly owns 1,146,784 shares in the company, valued at $268,622,684.16. The sale was disclosed in a document filed with the SEC, which is available at this link. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total value of $468,480.00. Following the completion of the transaction, the director now directly owns 1,146,784 shares of the company’s stock, valued at approximately $268,622,684.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 138 shares of the business’s 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 transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,179 shares of company stock worth $6,906,989. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MDB shares. Oppenheimer cut their price target on MongoDB from $480.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. DA Davidson upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday, May 31st. Morgan Stanley cut their price objective on shares of MongoDB from $455.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Robert W. Baird decreased their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Finally, Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $355.74.

MongoDB Stock Performance

NASDAQ:MDB traded up $1.72 on Tuesday, reaching $223.22. 1,265,065 shares of the company’s stock were exchanged, compared to its average volume of 1,527,525. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of -79.44 and a beta of 1.13. 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 stock has a fifty day simple moving average of $249.70 and a 200-day simple moving average of $340.31. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current year.

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.