L & S Advisors Inc Sells 3,085 Shares of MongoDB, Inc. (NASDAQ:MDB)

L & S Advisors Inc lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 65.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,642 shares of the company’s stock after selling 3,085 shares during the quarter. L & S Advisors Inc’s holdings in MongoDB were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 68,348 shares during the last quarter. Jennison Associates LLC raised its holdings in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB during the fourth quarter valued at about $326,237,000. Swedbank AB boosted its holdings in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of MongoDB by 22.4% in the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after buying an additional 100,725 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 273 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the transaction, the executive now directly owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now directly owns 20,020 shares of the company’s stock, valued at $4,564,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 273 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 value of $72,424.17. Following the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $350.00 target price on shares of MongoDB in a research report on Friday, August 30th. UBS Group upped their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research 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 research report on Friday, August 30th. Mizuho upped their target price on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Tigress Financial decreased their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $337.56.

MongoDB Price Performance

NASDAQ:MDB opened at $286.80 on Wednesday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The stock’s 50-day moving average price is $257.17 and its 200-day moving average price is $300.04. The stock has a market capitalization of $21.04 billion, a PE ratio of -102.06 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned ($0.63) earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

About MongoDB

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.