Mongodb Inc (NASDAQ:MDB) Holdings Decreased by Landsberg Bennett & Dubbaneh LLC

Landsberg Bennett & Dubbaneh LLC decreased its holdings in shares of Mongodb Inc (NASDAQ:MDB) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,563 shares of the company’s stock after selling 103 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in Mongodb were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MDB. BlackRock Inc. grew its holdings in shares of Mongodb by 138.7% during the second quarter. BlackRock Inc. now owns 1,820,059 shares of the company’s stock valued at $276,812,000 after buying an additional 1,057,430 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Mongodb by 690.1% during the second quarter. First Trust Advisors LP now owns 746,150 shares of the company’s stock valued at $113,482,000 after buying an additional 651,708 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mongodb by 24.4% during the second quarter. Vanguard Group Inc. now owns 3,125,593 shares of the company’s stock valued at $475,372,000 after buying an additional 612,848 shares in the last quarter. Morgan Stanley grew its holdings in shares of Mongodb by 9.1% during the second quarter. Morgan Stanley now owns 5,731,123 shares of the company’s stock valued at $871,646,000 after buying an additional 479,368 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Mongodb by 557.4% during the second quarter. Invesco Ltd. now owns 424,736 shares of the company’s stock valued at $64,598,000 after buying an additional 360,129 shares in the last quarter. Institutional investors and hedge funds own 71.66% of the company’s stock.

MDB opened at $136.31 on Friday. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of -79.25 and a beta of 0.08. Mongodb Inc has a 1 year low of $63.44 and a 1 year high of $184.78. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average price of $134.78 and a 200 day moving average price of $144.13.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.07). Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The company had revenue of $99.40 million during the quarter, compared to analyst estimates of $91.70 million. During the same period in the prior year, the firm earned ($0.41) EPS. Mongodb’s quarterly revenue was up 66.8% on a year-over-year basis. As a group, sell-side analysts forecast that Mongodb Inc will post -2.24 earnings per share for the current fiscal year.

A number of analysts recently issued reports on MDB shares. KeyCorp set a $188.00 price objective on Mongodb and gave the company a “buy” rating in a research report on Wednesday, September 4th. Oppenheimer reduced their price objective on Mongodb from $180.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday. Barclays reissued a “buy” rating on shares of Mongodb in a research report on Friday, September 6th. William Blair reissued an “outperform” rating on shares of Mongodb in a research report on Wednesday, June 19th. Finally, DA Davidson lifted their price objective on Mongodb to $165.00 in a research report on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Mongodb currently has an average rating of “Hold” and a consensus target price of $157.79.

In other Mongodb news, CEO Dev Ittycheria sold 28,745 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $118.90, for a total value of $3,417,780.50. Also, CRO Cedric Pech sold 1,924 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $130.17, for a total value of $250,447.08. Insiders sold 162,163 shares of company stock valued at $21,813,959 in the last ninety days. Insiders own 40.04% of the company’s stock.

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.

Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mongodb Inc (NASDAQ:MDB).

Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.