EFG Asset Management North America Corp. Sells 453 Shares of MongoDB, Inc. (NASDAQ:MDB)

EFG Asset Management North America Corp. trimmed its stake in MongoDB, Inc. (NASDAQ:MDB) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,188 shares of the company’s stock after selling 453 shares during the quarter. EFG Asset Management North America Corp.’s holdings in MongoDB were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of MongoDB by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after purchasing an additional 68,348 shares during the period. Jennison Associates LLC grew its holdings in shares of MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Norges Bank purchased a new position in MongoDB in the 4th quarter worth approximately $326,237,000. Swedbank AB increased its stake in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after acquiring an additional 400,705 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in shares of MongoDB by 22.4% in the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after purchasing an additional 100,725 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the transaction, the director now owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. Insiders sold 30,179 shares of company stock valued at $7,368,989 over the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.9 %

NASDAQ:MDB traded up $2.11 during mid-day trading on Monday, hitting $249.72. 801,682 shares of the stock traded hands, compared to its average volume of 1,474,187. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of -88.12 and a beta of 1.13. The firm’s 50 day moving average is $245.28 and its two-hundred day moving average is $321.87. 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 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Loop Capital decreased their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Stifel Nicolaus lowered their target price on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Oppenheimer reduced their price target on MongoDB from $480.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Finally, Mizuho dropped their price objective on MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $355.74.

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.