Meiji Yasuda Life Insurance Co Sells 70 Shares of MongoDB, Inc. (NASDAQ:MDB)

Meiji Yasuda Life Insurance Co reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the company’s stock after selling 70 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in MongoDB were worth $897,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kodai Capital Management LP boosted its position in shares of MongoDB by 52.5% in the 1st quarter. Kodai Capital Management LP now owns 80,089 shares of the company’s stock worth $28,723,000 after purchasing an additional 27,555 shares during the last quarter. Bayesian Capital Management LP bought a new stake in MongoDB during the 1st quarter worth about $2,377,000. Silvercrest Asset Management Group LLC bought a new stake in shares of MongoDB during the 1st quarter worth approximately $4,918,000. Caxton Associates LP acquired a new position in shares of MongoDB during the 1st quarter worth about $3,048,000. Finally, Transcendent Capital Group LLC increased its holdings in shares of MongoDB by 788.3% in the first quarter. Transcendent Capital Group LLC now owns 533 shares of the company’s stock valued at $191,000 after purchasing an additional 473 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 2.9 %

NASDAQ:MDB traded up $7.01 during mid-day trading on Wednesday, reaching $252.36. 1,556,929 shares of the company’s stock traded hands, compared to its average volume of 1,524,713. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The company has a 50 day moving average price of $256.54 and a 200-day moving average price of $343.64. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of -87.31 and a beta of 1.13.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. On average, sell-side analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MDB. Scotiabank reduced their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Monday, June 3rd. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Robert W. Baird reduced their price objective on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $290.00 price target on shares of MongoDB in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $355.74.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the transaction, the director now directly owns 13,011 shares in the company, valued at $2,919,408.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,179 shares of company stock worth $9,156,689. Insiders own 3.60% of the company’s stock.

MongoDB Company 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.