Thrivent Financial for Lutherans Cuts Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Thrivent Financial for Lutherans trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 17.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,251 shares of the company’s stock after selling 75,151 shares during the quarter. Thrivent Financial for Lutherans owned 0.47% of MongoDB worth $94,420,000 at the end of the most recent quarter.

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

MongoDB Price Performance

Shares of NASDAQ MDB opened at $279.77 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market capitalization of $20.67 billion, a P/E ratio of -92.64 and a beta of 1.15. The company’s fifty day moving average is $278.10 and its two-hundred day moving average is $274.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping 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 the consensus estimate of $465.03 million. During the same quarter in the previous year, the firm earned ($0.63) earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Barclays increased their price target on shares of MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank boosted their price target on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday, August 30th. Stifel Nicolaus raised their price objective on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Oppenheimer boosted their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Bank of America raised their price target on 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, 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $336.54.

Insider Buying and Selling at MongoDB

In related news, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares in the company, valued at approximately $8,569,000. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 3,556 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the completion of the transaction, the chief executive officer now owns 219,875 shares in the company, valued at approximately $56,342,968.75. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,281 shares of company stock valued at $6,657,121 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.