MongoDB, Inc. $MDB Shares Sold by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.7% in the second quarter, Holdings Channel reports. The firm owned 2,284 shares of the company’s stock after selling 165 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in MongoDB were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Handelsbanken Fonder AB raised its stake in shares of MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock valued at $2,599,000 after purchasing an additional 65 shares in the last quarter. Wedbush Securities Inc. increased its holdings in MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock valued at $530,000 after buying an additional 77 shares during the last quarter. Fifth Third Bancorp increased its holdings in MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company’s stock valued at $100,000 after buying an additional 78 shares during the last quarter. Arizona State Retirement System raised its stake in MongoDB by 0.4% during the first quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock valued at $3,772,000 after buying an additional 83 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in MongoDB by 6.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock worth $279,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $321.53 on Thursday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of -328.09 and a beta of 1.50. The business has a 50 day simple moving average of $273.70 and a 200 day simple moving average of $218.70.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MDB shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a report on Thursday, September 18th. Bank of America boosted their target price on shares of MongoDB from $345.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. UBS Group increased their target price on shares of MongoDB from $310.00 to $330.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Thursday, June 26th. Finally, Morgan Stanley increased their price objective on shares of MongoDB from $255.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $342.69.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at $3,783,847.50. This represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director directly owned 24,308 shares in the company, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,163 shares of company stock valued at $31,862,322. Company insiders own 3.10% of the company’s stock.

About MongoDB

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.