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Banque Cantonale Vaudoise decreased its holdings in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307 shares of the company’s stock after selling 130 shares during the period. Banque Cantonale Vaudoise’s holdings in MongoDB were worth $260,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. abrdn plc grew its stake in MongoDB by 0.6% during the second quarter. abrdn plc now owns 6,745 shares of the company’s stock valued at $1,750,000 after acquiring an additional 41 shares in the last quarter. Carnegie Capital Asset Management LLC grew its stake in MongoDB by 1.9% during the second quarter. Carnegie Capital Asset Management LLC now owns 2,310 shares of the company’s stock valued at $599,000 after acquiring an additional 43 shares in the last quarter. Lindbrook Capital LLC grew its stake in MongoDB by 41.5% during the second quarter. Lindbrook Capital LLC now owns 174 shares of the company’s stock valued at $45,000 after acquiring an additional 51 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in MongoDB by 4.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,325 shares of the company’s stock valued at $344,000 after acquiring an additional 59 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in MongoDB by 7.4% during the second quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock valued at $223,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 84.86% of the company’s stock.
MongoDB Trading Up 0.7 %
NASDAQ:MDB opened at $197.47 on Tuesday. The company has a fifty day moving average of $174.41 and a 200 day moving average of $239.16. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $570.58. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $13.68 billion, a P/E ratio of -36.77 and a beta of 1.02.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on MDB. Truist Financial began coverage on shares of MongoDB in a research note on Friday, September 30th. They set a “buy” rating and a $300.00 price objective for the company. Canaccord Genuity Group dropped their target price on shares of MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. Barclays lifted their target price on shares of MongoDB from $233.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, December 7th. Morgan Stanley lifted their target price on shares of MongoDB from $215.00 to $230.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 7th. Finally, Piper Sandler dropped their target price on shares of MongoDB from $350.00 to $270.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $270.00.
Insider Activity at MongoDB
In related news, insider Thomas Bull sold 502 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $198.84, for a total transaction of $99,817.68. Following the completion of the sale, the insider now directly owns 16,602 shares in the company, valued at approximately $3,301,141.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at approximately $1,601,180.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Bull sold 502 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $198.84, for a total transaction of $99,817.68. Following the transaction, the insider now directly owns 16,602 shares in the company, valued at $3,301,141.68. The disclosure for this sale can be found here. Insiders sold 59,846 shares of company stock worth $11,956,703 in the last three months. 5.70% of the stock is owned by insiders.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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.
Further Reading
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 – Get Rating).
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