Mongodb Inc (MDB) Shares Sold by Columbus Circle Investors

Columbus Circle Investors reduced its position in Mongodb Inc (NASDAQ:MDB) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,712 shares of the company’s stock after selling 1,774 shares during the quarter. Columbus Circle Investors’ holdings in Mongodb were worth $13,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its holdings in Mongodb by 36.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock valued at $201,000 after buying an additional 1,075 shares during the last quarter. Truvestments Capital LLC bought a new stake in Mongodb in the third quarter valued at about $106,000. TRUE Private Wealth Advisors bought a new stake in Mongodb in the third quarter valued at about $182,000. Schwab Charles Investment Management Inc. increased its holdings in Mongodb by 52.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,623 shares of the company’s stock valued at $379,000 after buying an additional 2,623 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Mongodb by 409.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,301 shares of the company’s stock valued at $164,000 after buying an additional 2,653 shares during the last quarter. 41.87% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Kevin P. Ryan sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $64.01, for a total value of $1,536,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 63,600 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $84.11, for a total value of $5,349,396.00. The disclosure for this sale can be found here. Insiders have sold 309,583 shares of company stock valued at $24,416,833 over the last ninety days. Corporate insiders own 40.04% of the company’s stock.

MDB has been the subject of several research analyst reports. Rosenblatt Securities initiated coverage on Mongodb in a report on Monday, July 9th. They issued a “buy” rating for the company. Zacks Investment Research lowered Mongodb from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Barclays upped their target price on Mongodb from $57.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Morgan Stanley upped their target price on Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 30th. Finally, Needham & Company LLC upped their target price on Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $71.87.

NASDAQ:MDB opened at $77.29 on Wednesday. Mongodb Inc has a 52 week low of $24.62 and a 52 week high of $85.25. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01.

Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.04. The company had revenue of $57.50 million during the quarter, compared to analyst estimates of $51.75 million. Mongodb had a negative return on equity of 52.67% and a negative net margin of 57.74%. The firm’s revenue for the quarter was up 61.5% compared to the same quarter last year. As a group, equities research analysts expect that Mongodb Inc will post -2.27 EPS for the current fiscal year.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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