Lbp Am Sa Has $22.83 Million Stake in MongoDB, Inc. $MDB

Lbp Am Sa reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 108,737 shares of the company’s stock after selling 3,069 shares during the period. Lbp Am Sa’s holdings in MongoDB were worth $22,834,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MDB. Cloud Capital Management LLC acquired a new stake in shares of MongoDB during the 1st quarter valued at about $25,000. Hollencrest Capital Management acquired a new stake in shares of MongoDB during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. boosted its position in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. State of Wyoming acquired a new stake in shares of MongoDB during the 1st quarter valued at about $62,000. Finally, Brooklyn Investment Group boosted its position in shares of MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after acquiring an additional 290 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 2.1%

Shares of NASDAQ MDB opened at $310.38 on Wednesday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a market cap of $25.25 billion, a PE ratio of -316.71 and a beta of 1.49. The company has a 50-day moving average of $271.84 and a two-hundred day moving average of $217.99.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDB. Royal Bank Of Canada reiterated an “outperform” rating and set a $350.00 target price on shares of MongoDB in a research report on Thursday, September 18th. Stifel Nicolaus boosted their price target on shares of MongoDB from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Barclays boosted their price target on shares of MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Robert W. Baird boosted their price target on shares of MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Finally, Truist Financial boosted their price target on shares of MongoDB from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $342.69.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer directly owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 33,320 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the transaction, the chief executive officer directly owned 203,237 shares of the company’s stock, valued at approximately $61,233,275.73. This represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,163 shares of company stock valued at $31,862,322. Insiders own 3.10% of the company’s stock.

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.