Victory Capital Management Inc. Decreases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Victory Capital Management Inc. cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,127 shares of the company’s stock after selling 1,594 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of MongoDB worth $15,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter valued at about $25,000. J.Safra Asset Management Corp raised its stake in shares of MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP raised its stake in shares of MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of MongoDB in the second quarter worth about $35,000. Finally, GAMMA Investing LLC raised its stake in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on MDB shares. Oppenheimer raised their price objective on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Wedbush raised MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley raised their target price on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Sanford C. Bernstein raised their target price on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Barclays raised their target price on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $336.54.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 154 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. This trade represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,600 shares of company stock valued at $7,034,249 in the last three months. 3.60% of the stock is owned by corporate insiders.

MongoDB Price Performance

NASDAQ:MDB opened at $289.15 on Wednesday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $21.36 billion, a P/E ratio of -95.74 and a beta of 1.15. The stock’s fifty day moving average is $278.06 and its two-hundred day moving average is $273.04.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the firm posted ($0.63) earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts expect that MongoDB, Inc. will post -2.39 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.