Andar Capital Management HK Ltd Sells 19,100 Shares of MongoDB, Inc. (NASDAQ:MDB)

Andar Capital Management HK Ltd lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 82.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,000 shares of the company’s stock after selling 19,100 shares during the quarter. MongoDB comprises approximately 1.4% of Andar Capital Management HK Ltd’s portfolio, making the stock its 20th biggest holding. Andar Capital Management HK Ltd’s holdings in MongoDB were worth $1,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in shares of MongoDB in the fourth quarter valued at approximately $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter valued at approximately $25,000. YHB Investment Advisors Inc. bought a new position in shares of MongoDB in the first quarter valued at approximately $41,000. Sunbelt Securities Inc. boosted its position in shares of MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after acquiring an additional 76 shares during the period. Finally, J.Safra Asset Management Corp boosted its position 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 valued at $33,000 after acquiring an additional 116 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Loop Capital dropped their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Barclays dropped their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Scotiabank lifted their target price on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday, August 30th. Finally, Tigress Financial dropped their target price on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.

MongoDB Stock Down 1.1 %

Shares of 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 firm’s fifty day moving average is $257.17 and its 200 day moving average is $300.04. The company has a market cap of $21.04 billion, a price-to-earnings 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.63) EPS. On average, equities research analysts expect that MongoDB, Inc. will post -2.46 earnings per share 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.