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Forsta AP Fonden lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 30.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,500 shares of the company’s stock after selling 6,400 shares during the period. Forsta AP Fonden’s holdings in MongoDB were worth $5,015,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of MDB. Raymond James & Associates grew its stake in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after buying an additional 206 shares in the last quarter. MetLife Investment Management LLC purchased a new position in MongoDB in the 1st quarter worth approximately $1,823,000. Panagora Asset Management Inc. grew its stake in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after buying an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after buying an additional 1,439 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the sale, the director now directly owns 1,195,159 shares of the company’s stock, valued at approximately $436,233,035. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dev Ittycheria sold 100,500 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the sale, the chief executive officer now directly owns 214,177 shares of the company’s stock, valued at approximately $80,316,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the sale, the director now directly owns 1,195,159 shares in the company, valued at $436,233,035. The disclosure for this sale can be found here. Insiders sold a total of 149,029 shares of company stock worth $57,034,511 in the last three months. 4.80% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
MDB has been the subject of a number of research reports. Bank of America initiated coverage on shares of MongoDB in a research note on Thursday, October 12th. They issued a “buy” rating and a $450.00 price objective for the company. Scotiabank initiated coverage on shares of MongoDB in a research note on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Finally, Barclays upped their price objective on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.41.
Get Our Latest Stock Report on MDB
MongoDB Price Performance
Shares of MongoDB stock opened at $365.39 on Monday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $392.38 and a 200 day moving average of $380.88. MongoDB, Inc. has a 1 year low of $164.59 and a 1 year high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. MongoDB’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business earned ($1.23) EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
Further Reading
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Article originally posted on mongodb google news. Visit mongodb google news