Values First Advisors Inc. Sells 74 Shares of MongoDB, Inc. (NASDAQ:MDB)

Values First Advisors Inc. lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,216 shares of the company’s stock after selling 74 shares during the quarter. Values First Advisors Inc.’s holdings in MongoDB were worth $304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDB. Transcendent Capital Group LLC bought a new stake in MongoDB during the 4th quarter valued at $25,000. YHB Investment Advisors Inc. bought a new stake in MongoDB during the 1st quarter valued at $41,000. GAMMA Investing LLC bought a new stake in MongoDB during the 4th quarter valued at $50,000. Sunbelt Securities Inc. boosted its position in MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after acquiring an additional 76 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its position in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 2,000 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the sale, the director now directly owns 1,140,006 shares in the company, valued at approximately $263,341,386. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares of the company’s stock, valued at $4,564,560. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,179 shares of company stock valued at $7,368,989. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canaccord Genuity Group dropped their target price on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. JMP Securities lowered their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a research report on Friday, May 31st. Loop Capital lowered their price objective on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Oppenheimer lowered their price objective on MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Finally, DA Davidson raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $355.74.

MongoDB Stock Performance

Shares of MDB stock traded up $2.00 on Friday, hitting $251.05. The company had a trading volume of 824,829 shares, compared to its average volume of 1,493,507. The firm has a market cap of $18.41 billion, a P/E ratio of -89.34 and a beta of 1.13. The company has a 50-day moving average price of $242.41 and a 200-day moving average price of $328.83. 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, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

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

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.