Price T Rowe Associates Inc. MD Decreases Position in MongoDB, Inc. (NASDAQ:MDB)

Price T Rowe Associates Inc. MD cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,130,068 shares of the company’s stock after selling 39,594 shares during the period. Price T Rowe Associates Inc. MD owned 4.30% of MongoDB worth $1,122,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MDB. Transcendent Capital Group LLC bought a new position in MongoDB in the 4th quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the period. YHB Investment Advisors Inc. bought a new position in MongoDB in the 1st quarter worth approximately $41,000. Sunbelt Securities Inc. boosted its holdings in MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after buying an additional 76 shares during the period. Finally, GAMMA Investing LLC bought a new position in MongoDB in the 4th quarter worth approximately $50,000. 89.29% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders sold 35,179 shares of company stock valued at $9,535,839 over the last three months. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MDB. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Truist Financial cut their price target on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Stifel Nicolaus cut their price target on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. KeyCorp cut their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Barclays cut their price target on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $355.74.

MongoDB Stock Down 1.1 %

Shares of NASDAQ MDB traded down $2.76 during midday trading on Friday, hitting $253.50. The stock had a trading volume of 1,196,719 shares, compared to its average volume of 1,450,955. The business’s 50 day moving average is $261.27 and its 200-day moving average is $345.99. The company has a market cap of $18.59 billion, a P/E ratio of -90.21 and a beta of 1.13. MongoDB, Inc. has a 52 week low of $214.74 and a 52 week high of $509.62. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, analysts predict that MongoDB, Inc. will post -2.67 EPS for the current 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.