Thrivent Financial for Lutherans Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Thrivent Financial for Lutherans lessened its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 349,251 shares of the company's stock after selling 75,151 shares during the period. Thrivent Financial for Lutherans owned about 0.47% of MongoDB worth $94,420,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its holdings in shares of MongoDB by 40.0% during the first quarter. Intech Investment Management LLC now owns 5,814 shares of the company's stock worth $2,085,000 after buying an additional 1,661 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of MongoDB by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company's stock worth $2,478,475,000 after purchasing an additional 68,348 shares in the last quarter. Cynosure Group LLC bought a new position in shares of MongoDB during the first quarter worth $313,000. O Shaughnessy Asset Management LLC boosted its position in shares of MongoDB by 21.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,150 shares of the company's stock worth $771,000 after purchasing an additional 385 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in MongoDB by 109.0% in the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company's stock valued at $159,625,000 after acquiring an additional 232,101 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Up 1.7 %

NASDAQ MDB traded up $4.66 on Monday, hitting $284.43. 1,006,045 shares of the company were exchanged, compared to its average volume of 1,430,093. The company has a market cap of $21.01 billion, a PE ratio of -92.79 and a beta of 1.15. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The stock has a fifty day moving average of $278.10 and a 200-day moving average of $273.60. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the firm earned ($0.63) earnings per share. The business's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the transaction, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 154 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the transaction, the chief accounting officer now owns 16,068 shares of the company's stock, valued at $4,117,425. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,281 shares of company stock worth $6,657,121 over the last quarter. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

MDB has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Oppenheimer boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. UBS Group lifted their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. JMP Securities reissued a "market outperform" rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. Finally, DA Davidson upped their price target on shares of MongoDB from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $336.54.

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.