MongoDB shares see mixed movements by institutional investors despite beating Q2 earnings expectations.

Institutional investors have been actively trading MongoDB shares, with some reducing and others increasing their stakes. Notably, Champlain Investment Partners LLC trimmed its position by 3.0%, while Icon Wealth Advisors LLC and Eagle Asset Management added new stakes. MongoDB's Q2 earnings of $0.70 per share surpassed analysts' expectations, and insiders have sold shares worth over $7 million recently. Analysts give MongoDB a "Moderate Buy" rating with a target price of $336.54.

November 23, 2024
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