AQR Capital Management LLC Sells 10,375 Shares of MongoDB, Inc. (NASDAQ:MDB)

AQR Capital Management LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 49.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,710 shares of the company's stock after selling 10,375 shares during the quarter. AQR Capital Management LLC's holdings in MongoDB were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in shares of MongoDB by 800.3% during the fourth quarter. Schroder Investment Management Group now owns 33,970 shares of the company's stock valued at $13,889,000 after acquiring an additional 30,197 shares during the period. Alta Park Capital LP acquired a new position in MongoDB during the 4th quarter valued at about $22,936,000. Frontier Capital Management Co. LLC boosted its stake in shares of MongoDB by 24.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 250,378 shares of the company's stock valued at $102,367,000 after purchasing an additional 48,726 shares during the last quarter. RMB Capital Management LLC grew its position in shares of MongoDB by 10.1% during the 4th quarter. RMB Capital Management LLC now owns 13,333 shares of the company's stock worth $5,451,000 after buying an additional 1,218 shares during the period. Finally, Bornite Capital Management LP bought a new stake in shares of MongoDB during the fourth quarter worth approximately $6,133,000. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Up 0.0 %

Shares of MDB traded up $0.02 during mid-day trading on Tuesday, hitting $259.46. 614,685 shares of the company's stock were exchanged, compared to its average volume of 1,450,969. The company has a market cap of $19.03 billion, a PE ratio of -92.33 and a beta of 1.15. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a 50-day simple moving average of $262.41 and a 200 day simple moving average of $288.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts' expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business's quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned ($0.63) EPS. On average, research analysts forecast that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Stifel Nicolaus lifted their price objective on MongoDB from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Tigress Financial cut their target price on MongoDB from $500.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, July 11th. Scotiabank raised their target price on MongoDB from $250.00 to $295.00 and gave the stock a "sector perform" rating in a report on Friday, August 30th. Finally, UBS Group upped their price target on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and an average price target of $337.56.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now owns 1,140,006 shares of the company's stock, valued at approximately $263,341,386. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, CAO Thomas Bull sold 154 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company's stock, valued at $4,117,425. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares of the company's stock, valued at $263,341,386. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,896 shares of company stock valued at $4,187,260 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

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.