American Century Companies Inc. Decreases Holdings in MongoDB, Inc. $MDB

American Century Companies Inc. decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 46.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,295 shares of the company’s stock after selling 338,168 shares during the quarter. American Century Companies Inc. owned approximately 0.48% of MongoDB worth $82,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after acquiring an additional 249 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Red Spruce Capital LLC increased its position in shares of MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,426 shares in the last quarter. Triton Financial Group Inc acquired a new position in MongoDB in the 2nd quarter valued at $782,000. Finally, Jones Financial Companies Lllp lifted its holdings in MongoDB by 875.2% in the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after purchasing an additional 8,927 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, CEO Dev Ittycheria sold 33,320 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the transaction, the chief executive officer directly owned 203,237 shares in the company, valued at approximately $61,233,275.73. This represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 124,492 shares of company stock valued at $39,833,319 in the last quarter. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of MongoDB from $345.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Rosenblatt Securities restated a “buy” rating and set a $385.00 price target on shares of MongoDB in a research report on Tuesday. Royal Bank Of Canada upped their price objective on shares of MongoDB from $350.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Citizens Jmp raised their target price on shares of MongoDB from $375.00 to $435.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 4th. Finally, Cantor Fitzgerald boosted their target price on MongoDB from $312.00 to $406.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $355.39.

MongoDB Stock Performance

MDB stock opened at $331.75 on Wednesday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $385.44. The firm has a market cap of $26.99 billion, a PE ratio of -338.52 and a beta of 1.52. The firm’s 50 day moving average price is $332.80 and its 200-day moving average price is $265.07.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. Equities research analysts predict that MongoDB, Inc. will post -1.78 EPS 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.