MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,613 shares of the company's stock after selling 13,093 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of MongoDB worth $10,975,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp lifted its holdings in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock valued at $33,000 after acquiring an additional 116 shares during the last quarter. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock valued at $33,000 after acquiring an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of MongoDB in the 2nd quarter valued at about $35,000. Finally, GAMMA Investing LLC lifted its holdings in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares in the company, valued at $330,048,394.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the sale, the director now owns 1,135,006 shares of the company's stock, valued at $330,048,394.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,385 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total transaction of $398,630.70. Following the sale, the director now directly owns 89,063 shares of the company's stock, valued at $25,634,112.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,281 shares of company stock worth $6,657,121 over the last three months. Company insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MDB shares. Stifel Nicolaus increased their price target on shares of MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a report on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Tigress Financial decreased their price objective on shares of MongoDB from $500.00 to $400.00 and set a "buy" rating for the company in a research note on Thursday, July 11th. JMP Securities reissued a "market outperform" rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Finally, Bank of America raised their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $337.96.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $13.14 on Thursday, hitting $294.12. 1,190,901 shares of the company were exchanged, compared to its average volume of 1,429,840. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock's 50 day moving average price is $277.73 and its 200 day moving average price is $278.07. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $21.73 billion, a P/E ratio of -97.39 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same period in the previous year, the firm posted ($0.63) earnings per share. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year.

MongoDB Company 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.