Shell Asset Management Co. Has $467,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Shell Asset Management Co. cut its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,350 shares of the company’s stock after selling 30 shares during the quarter. Shell Asset Management Co.’s holdings in MongoDB were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Simplicity Solutions LLC grew its stake in MongoDB by 2.2% in the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after purchasing an additional 25 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of MongoDB by 1.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after acquiring an additional 32 shares during the period. Veritable L.P. boosted its stake in shares of MongoDB by 1.4% during the 2nd quarter. Veritable L.P. now owns 2,321 shares of the company’s stock worth $954,000 after acquiring an additional 33 shares during the period. Choreo LLC boosted its stake in shares of MongoDB by 3.5% during the 2nd quarter. Choreo LLC now owns 1,040 shares of the company’s stock worth $427,000 after acquiring an additional 35 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in shares of MongoDB by 4.8% during the 3rd quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock worth $264,000 after acquiring an additional 35 shares during the period. 88.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $450.00 target price on shares of MongoDB in a research note on Monday, December 4th. Wells Fargo & Company initiated coverage on MongoDB in a research note on Thursday, November 16th. They set an “overweight” rating and a $500.00 target price for the company. Barclays lifted their price target on MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Royal Bank of Canada lifted their price target on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Finally, TheStreet raised MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $429.50.

View Our Latest Research Report on MongoDB

MongoDB Stock Performance

Shares of MDB stock opened at $500.90 on Monday. MongoDB, Inc. has a twelve month low of $189.59 and a twelve month high of $507.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. The stock’s fifty day simple moving average is $408.06 and its 200 day simple moving average is $382.88.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. MongoDB’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.23) EPS. On average, sell-side analysts predict that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the completion of the transaction, the chief executive officer now directly owns 198,166 shares in the company, valued at $80,409,817.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,777 shares of company stock worth $33,554,031. Insiders own 4.80% of the company’s stock.

MongoDB Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

See Also

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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