LRI Investments LLC Lowers Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

LRI Investments LLC reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 64.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106 shares of the company’s stock after selling 190 shares during the quarter. LRI Investments LLC’s holdings in MongoDB were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDB. Slow Capital Inc. boosted its stake in shares of MongoDB by 3.7% in the 2nd quarter. Slow Capital Inc. now owns 15,902 shares of the company’s stock valued at $3,975,000 after purchasing an additional 573 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in MongoDB by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock valued at $1,450,000 after buying an additional 100 shares during the period. MN Wealth Advisors LLC bought a new position in shares of MongoDB during the second quarter valued at about $576,000. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the second quarter worth about $25,000. Finally, Fifth Third Bancorp lifted its stake in shares of MongoDB by 7.6% in the 2nd quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock valued at $155,000 after acquiring an additional 44 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDB. Scotiabank reduced their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Monday, June 3rd. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Barclays lowered 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. Tigress Financial cut their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Citigroup decreased their price objective on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.74.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Cedric Pech sold 273 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 value of $72,424.17. Following the transaction, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold 30,179 shares of company stock worth $7,368,989 in the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

Shares of MongoDB stock opened at $247.61 on Friday. The business has a fifty day simple moving average of $245.28 and a two-hundred day simple moving average of $322.82. The firm has a market capitalization of $18.16 billion, a P/E ratio of -88.12 and a beta of 1.13. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. On average, equities analysts forecast that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal 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.