Primecap Management Co. CA Sells 450 Shares of MongoDB, Inc. (NASDAQ:MDB)

Primecap Management Co. CA reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 70,250 shares of the company’s stock after selling 450 shares during the period. Primecap Management Co. CA’s holdings in MongoDB were worth $18,992,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDB. O Shaughnessy Asset Management LLC grew its stake in MongoDB by 21.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,150 shares of the company’s stock worth $771,000 after acquiring an additional 385 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in MongoDB by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,000 shares of the company’s stock worth $359,000 after purchasing an additional 500 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after purchasing an additional 37 shares during the period. Toronto Dominion Bank raised its position in MongoDB by 147.3% during the 1st quarter. Toronto Dominion Bank now owns 24,047 shares of the company’s stock valued at $8,624,000 after purchasing an additional 14,323 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of MongoDB in the 1st quarter worth $106,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a research note on Friday, August 30th. Stifel Nicolaus upped their price target on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America lifted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Oppenheimer upped their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Sanford C. Bernstein lifted their price target on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One 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’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $336.54.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $332.50 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The firm has a fifty day moving average of $278.10 and a 200 day moving average of $272.88. The firm has a market cap of $24.56 billion, a PE ratio of -110.10 and a beta of 1.15. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter in the previous year, the company earned ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 154 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,600 shares of company stock worth $7,034,249 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

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.