Keybank National Association OH Sells 404 Shares of MongoDB, Inc. (NASDAQ:MDB)

Keybank National Association OH lowered its holdings in MongoDB, Inc. (NASDAQ:MDBGet Rating) by 27.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,090 shares of the company’s stock after selling 404 shares during the period. Keybank National Association OH’s holdings in MongoDB were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in MongoDB by 1,569.4% in the 2nd quarter. Baillie Gifford & Co. now owns 3,606 shares of the company’s stock valued at $935,000 after purchasing an additional 3,390 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in MongoDB by 10.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 80,068 shares of the company’s stock valued at $20,778,000 after purchasing an additional 7,705 shares during the period. M&T Bank Corp boosted its holdings in MongoDB by 8.7% in the 2nd quarter. M&T Bank Corp now owns 5,929 shares of the company’s stock valued at $1,523,000 after purchasing an additional 477 shares during the period. Illinois Municipal Retirement Fund bought a new stake in MongoDB in the 2nd quarter valued at about $4,342,000. Finally, Los Angeles Capital Management LLC boosted its holdings in MongoDB by 150.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 11,795 shares of the company’s stock valued at $3,061,000 after purchasing an additional 7,093 shares during the period. Institutional investors own 89.85% of the company’s stock.

MongoDB Stock Up 9.3 %

NASDAQ:MDB opened at $175.94 on Friday. The firm’s 50-day moving average price is $197.22 and its 200-day moving average price is $261.80. The company has a market capitalization of $12.09 billion, a PE ratio of -32.82 and a beta of 1.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 4.02 and a quick ratio of 4.02. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $590.00.

MongoDB (NASDAQ:MDBGet Rating) last released its earnings results on Wednesday, August 31st. The company reported ($1.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.52) by ($0.17). The business had revenue of $303.66 million during the quarter, compared to analysts’ expectations of $282.31 million. MongoDB had a negative return on equity of 52.05% and a negative net margin of 33.43%. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.15) earnings per share. On average, equities analysts predict that MongoDB, Inc. will post -5.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of MongoDB to $430.00 in a report on Tuesday, September 6th. Mizuho upped their price target on shares of MongoDB from $270.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Needham & Company LLC cut their price target on shares of MongoDB from $350.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, September 1st. Truist Financial assumed coverage on shares of MongoDB in a report on Friday, September 30th. They set a “buy” rating and a $300.00 price target for the company. Finally, Royal Bank of Canada cut their price target on shares of MongoDB from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Thursday, September 1st. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $374.89.

Insider Buying and Selling

In other MongoDB news, Director Archana Agrawal sold 663 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $345.55, for a total transaction of $229,099.65. Following the transaction, the director now owns 2,080 shares in the company, valued at approximately $718,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Archana Agrawal sold 663 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $345.55, for a total value of $229,099.65. Following the transaction, the director now owns 2,080 shares in the company, valued at approximately $718,744. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 14,095 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $199.13, for a total transaction of $2,806,737.35. Following the completion of the transaction, the director now owns 1,322,954 shares in the company, valued at approximately $263,439,830.02. The disclosure for this sale can be found here. Insiders have sold a total of 87,665 shares of company stock worth $19,034,603 in the last quarter. Corporate insiders own 5.70% of the company’s stock.

MongoDB Profile

(Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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.

Further Reading

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.