L & S Advisors Inc Sells 3,085 Shares of MongoDB, Inc. (NASDAQ:MDB)

L & S Advisors Inc trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 65.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,642 shares of the company’s stock after selling 3,085 shares during the period. L & S Advisors Inc’s holdings in MongoDB were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB during the fourth quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB during the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp grew its stake in shares of MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of MongoDB during the second quarter valued at approximately $35,000. Finally, YHB Investment Advisors Inc. bought a new position in MongoDB during the first quarter valued at approximately $41,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 1.1 %

Shares of MDB opened at $286.80 on Wednesday. The company’s fifty day simple moving average is $257.17 and its 200-day simple moving average is $300.04. The company has a market cap of $21.04 billion, a P/E ratio of -102.06 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share 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 company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the company posted ($0.63) EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts expect that MongoDB, Inc. will post -2.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Canaccord Genuity Group cut their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, May 31st. JMP Securities reiterated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Truist Financial increased their target price on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Scotiabank boosted their price target on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Finally, Mizuho increased their price objective on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $337.56.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the transaction, the executive now owns 35,719 shares in the company, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. In the last three months, insiders sold 32,005 shares of company stock valued at $8,082,746. Insiders own 3.60% of the company’s stock.

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.