Oppenheimer Asset Management Inc. cut its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,536 shares of the company’s stock after selling 458 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in MongoDB were worth $305,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Sentry Investment Management LLC bought a new position in shares of MongoDB in the third quarter valued at about $33,000. First Horizon Advisors Inc. raised its position in shares of MongoDB by 510.3% in the second quarter. First Horizon Advisors Inc. now owns 177 shares of the company’s stock valued at $44,000 after purchasing an additional 148 shares during the period. Alta Advisers Ltd bought a new position in shares of MongoDB in the third quarter valued at about $40,000. Huntington National Bank raised its position in shares of MongoDB by 1,468.8% in the third quarter. Huntington National Bank now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 235 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of MongoDB by 37.8% in the second quarter. Quadrant Capital Group LLC now owns 419 shares of the company’s stock valued at $109,000 after purchasing an additional 115 shares during the period. 84.86% of the stock is owned by institutional investors.
MongoDB Trading Down 3.5 %
MDB opened at $205.90 on Friday. The company’s 50 day moving average is $204.39 and its 200-day moving average is $213.84. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $471.96. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.66. The company has a market cap of $14.27 billion, a P/E ratio of -38.34 and a beta of 0.94.
Insider Activity at MongoDB
In related news, CEO Dev Ittycheria sold 39,382 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $199.96, for a total value of $7,874,824.72. Following the completion of the transaction, the chief executive officer now owns 190,264 shares in the company, valued at approximately $38,045,189.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other MongoDB news, CFO Michael Lawrence Gordon sold 2,060 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total transaction of $410,578.60. Following the completion of the transaction, the chief financial officer now owns 88,302 shares in the company, valued at approximately $17,599,471.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 39,382 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.96, for a total transaction of $7,874,824.72. Following the transaction, the chief executive officer now owns 190,264 shares of the company’s stock, valued at approximately $38,045,189.44. The disclosure for this sale can be found here. Insiders sold a total of 58,074 shares of company stock worth $11,604,647 in the last quarter. 5.70% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on MDB shares. KeyCorp increased their price objective on shares of MongoDB from $220.00 to $255.00 and gave the company an “overweight” rating in a research report on Monday, February 6th. Tigress Financial decreased their price target on shares of MongoDB from $575.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, December 15th. Wedbush assumed coverage on shares of MongoDB in a research note on Wednesday, December 14th. They issued an “outperform” rating and a $240.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of MongoDB from $256.00 to $240.00 in a research note on Thursday. Finally, Oppenheimer decreased their price target on shares of MongoDB from $375.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 7th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $266.35.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
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