MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Swiss National Bank – MarketBeat

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Swiss National Bank trimmed its position in MongoDB, Inc. (NASDAQ:MDBGet Rating) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,900 shares of the company’s stock after selling 17,950 shares during the quarter. Swiss National Bank owned about 0.40% of MongoDB worth $54,505,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in MongoDB in the 3rd quarter valued at about $33,000. Lindbrook Capital LLC raised its stake in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares during the period. Y.D. More Investments Ltd purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $36,000. Alta Advisers Ltd purchased a new stake in shares of MongoDB in the 3rd quarter valued at approximately $40,000. Finally, Huntington National Bank raised its stake in shares of MongoDB by 1,468.8% in the 3rd quarter. Huntington National Bank now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 235 shares during the period. 84.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Guggenheim assumed coverage on shares of MongoDB in a research note on Thursday, January 26th. They issued a “neutral” rating and a $205.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of MongoDB from $256.00 to $240.00 in a research note on Thursday, February 23rd. Morgan Stanley raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $230.00 to $270.00 in a research note on Wednesday, April 12th. Piper Sandler reaffirmed an “overweight” rating and set a $270.00 target price on shares of MongoDB in a research note on Thursday, March 9th. Finally, KeyCorp upped their target price on shares of MongoDB from $229.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.00.

MongoDB Trading Up 1.4 %

Shares of MongoDB stock opened at $250.28 on Wednesday. The company has a fifty day simple moving average of $220.81 and a 200-day simple moving average of $200.26. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $390.84. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.80 and a current ratio of 3.80.

MongoDB (NASDAQ:MDBGet Rating) last issued its quarterly earnings results on Wednesday, March 8th. The company reported ($0.98) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.20. The firm had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $335.84 million. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. As a group, equities analysts expect that MongoDB, Inc. will post -4.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 720 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $164,397.60. Following the completion of the sale, the executive now owns 53,050 shares in the company, valued at approximately $12,112,906.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 720 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $164,397.60. Following the completion of the transaction, the executive now owns 53,050 shares in the company, valued at approximately $12,112,906.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 14,095 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total transaction of $2,916,960.25. Following the transaction, the director now owns 1,227,954 shares of the company’s stock, valued at approximately $254,125,080.30. The disclosure for this sale can be found here. Insiders sold a total of 116,901 shares of company stock worth $25,576,177 in the last 90 days. Company insiders own 5.70% of the company’s stock.

MongoDB Company Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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