AGF Investments LLC Cuts Holdings in MongoDB, Inc. (NASDAQ:MDB)

AGF Investments LLC decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,560 shares of the company’s stock after selling 543 shares during the period. AGF Investments LLC’s holdings in MongoDB were worth $736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blair William & Co. IL boosted its position in shares of MongoDB by 10.7% during the second quarter. Blair William & Co. IL now owns 187,599 shares of the company’s stock valued at $67,821,000 after buying an additional 18,096 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in shares of MongoDB during the third quarter valued at approximately $2,954,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of MongoDB by 24.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 9,847 shares of the company’s stock valued at $3,565,000 after acquiring an additional 1,926 shares in the last quarter. Evolutionary Tree Capital Management LLC raised its stake in shares of MongoDB by 62.1% during the second quarter. Evolutionary Tree Capital Management LLC now owns 10,379 shares of the company’s stock valued at $3,752,000 after acquiring an additional 3,978 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of MongoDB by 76.3% during the second quarter. O Shaughnessy Asset Management LLC now owns 855 shares of the company’s stock valued at $309,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.

Shares of MDB opened at $396.89 on Friday. The firm has a market capitalization of $26.49 billion, a PE ratio of -83.91 and a beta of 0.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 4.75 and a quick ratio of 4.75. MongoDB, Inc. has a 1-year low of $238.01 and a 1-year high of $590.00. The company’s fifty day moving average price is $506.09 and its 200-day moving average price is $454.83.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 6th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.27. The company had revenue of $226.89 million for the quarter, compared to analyst estimates of $205.18 million. MongoDB had a negative net margin of 38.32% and a negative return on equity of 101.71%. The firm’s revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.98) earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -4.56 EPS for the current fiscal year.

MDB has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of MongoDB from $525.00 to $585.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 7th. boosted their price objective on shares of MongoDB from $475.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, December 7th. They noted that the move was a valuation call. Needham & Company LLC boosted their price objective on shares of MongoDB from $534.00 to $626.00 and gave the stock a “buy” rating in a research note on Tuesday, December 7th. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $475.00 to $545.00 and gave the stock a “buy” rating in a research note on Wednesday, December 8th. Finally, Stifel Nicolaus upped their price target on MongoDB from $495.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday, December 7th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of “Buy” and an average target price of $542.13.

In related news, CRO Cedric Pech sold 290 shares of the firm’s stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $515.05, for a total value of $149,364.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Bull sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 15th. The stock was sold at an average price of $492.13, for a total transaction of $1,230,325.00. The disclosure for this sale can be found here. Insiders sold 114,506 shares of company stock valued at $55,874,990 in the last three months. 7.40% of the stock is currently owned by insiders.

MongoDB Company Profile

MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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