WINTON GROUP Ltd Trims Stake in MongoDB, Inc. (NASDAQ:MDB)

WINTON GROUP Ltd lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,145 shares of the company’s stock after selling 182 shares during the quarter. WINTON GROUP Ltd’s holdings in MongoDB were worth $1,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in MongoDB by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after acquiring an additional 22 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of MongoDB by 12.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after buying an additional 25 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in MongoDB by 24.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 182 shares of the company’s stock worth $74,000 after buying an additional 36 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in MongoDB by 12.9% in the first quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after buying an additional 37 shares in the last quarter. Finally, Atria Investments Inc grew its position in MongoDB by 1.2% during the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Dennis Mcmahon sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the transaction, the director now owns 1,146,003 shares of the company’s stock, valued at $280,770,735. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dennis Mcmahon sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 20,020 shares in the company, valued at $4,564,560. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is owned by insiders.

MongoDB Price Performance

Shares of MDB opened at $290.05 on Tuesday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a market capitalization of $21.28 billion, a P/E ratio of -103.22 and a beta of 1.15. The firm has a 50 day moving average of $256.45 and a 200 day moving average of $301.10. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last posted 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. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.63) EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, May 31st. DA Davidson upped their price target on shares of MongoDB from $265.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, August 30th. UBS Group lifted their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $337.56.

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.