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Skandinaviska Enskilda Banken AB publ Increases Holdings in MongoDB, Inc. while … – Best Stocks

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Posted on mongodb google news. Visit mongodb google news

On August 25, 2023, it was reported that Skandinaviska Enskilda Banken AB publ has increased its holdings in MongoDB, Inc. by 4.6% during the first quarter of the year. The institutional investor now owns 11,997 shares of the company’s stock after purchasing an additional 530 shares during this period. According to a recent filing with the Securities & Exchange Commission (SEC), Skandinaviska Enskilda Banken AB publ’s holdings in MongoDB were valued at $2,795,000.

In other news related to MongoDB, Cedric Pech, the Chief Revenue Officer (CRO), sold 360 shares of the company’s stock on July 3rd. The transaction took place at an average price of $406.79 per share, resulting in a total value of $146,444.40. Following this sale, Cedric Pech now directly owns 37,156 shares in the company, which are valued at approximately $15,114,689.24. This transaction was disclosed in a document filed with the SEC and is available through a provided hyperlink.

Additionally, another key executive named Thomas Bull, the Chief Accounting Officer (CAO), sold 516 shares of MongoDB stock on July 3rd at an average price of $406.78 per share. The total transaction value for these shares amounted to $209,898.48. As a result of this sale, Thomas Bull currently holds 17,190 shares in the company which are valued at approximately $6,9925,,548,.20 according to disclosures made by MongoDB.

It is worth noting that insiders have collectively sold a total of 102,220 shares of company stock over the past three months with an estimated value of $38,7635,,571.. These sales by insiders represent approximately 4.80% ownership stake in MongoDB.

In conclusion, Skandinaviska Enskilda Banken AB publ has increased its holdings in MongoDB, Inc. during the first quarter of 2023. Meanwhile, key executives such as Cedric Pech and Thomas Bull have sold shares of the company’s stock. These transactions were disclosed in documents filed with the SEC, indicating a significant level of insider selling activity.

MongoDB, Inc.



Updated on: 25/08/2023

Price Target

Current $363.46

Concensus $388.06

Low $180.00

Median $406.50

High $630.00

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Analyst Ratings

Analyst / firm Rating
Miller Jump
Truist Financial
Mike Cikos
Rishi Jaluria
RBC Capital
Ittai Kidron
Matthew Broome
Mizuho Securities

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Large Institutional Investors and Hedge Funds Increasing Stake in MongoDB Inc., Analysts Bullish on Company’s Potential

August 25, 2023 – Large investors have been making significant moves in relation to their stakes in MongoDB, Inc. (NASDAQ: MDB). Raymond James & Associates, for instance, increased its holdings in the company by 32.0% during the first quarter of this year. Consequently, they now possess 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares during the last quarter.

PNC Financial Services Group Inc., on the other hand, lifted its position in MongoDB by 19.1% during the same period. They now own 1,282 shares of the company’s stock valued at $569,000 after acquiring an additional 206 shares in the last quarter.

MetLife Investment Management LLC took a different approach and acquired a new stake in MongoDB during the first quarter valued at $1,823,000. Meanwhile, Panagora Asset Management Inc. increased its position in the company by 9.8% during that same period and currently owns 1,977 shares valued at $877,000.

Lastly,Vontobel Holding Ltd raised its stake in MongoDB by a staggering 100.3% in the first quarter alone. They now possess 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares during that period.

These are just some notable examples of large institutional investors and hedge funds actively increasing their involvement with MongoDB Inc., as shown through regulatory filings according to Bloomberg data. In fact,enough so that it can be confidently stated that around a staggering89.22% of all outstanding MDB stock is owned by institutional investors and hedge funds alike.

With regards to analyst commentary on MDB,Numerous brokerages have provided insights on MongoDB’s performance recently.Stifel Nicolaus,believing great things are ahead for MDB,lifted the price target on shares of MongoDB from $375.00 to a whopping $420.00 back in June. Oppenheimer also maintained their bullish outlook on the company’s prospects by increasing their price objective from$270.00 to $430.00 that same month.Moreover, VNET Group has recently reaffirmed its “maintains” rating for MongoDB while Tigress Financial has raised its own price objective on the stock from $365.00 to an impressive $490.00.The overall consensus according to Bloomberg is that MDB is a company with great potential; it currently has a majority “Moderate Buy” rating and an average price target of $378.09, as determined by analysts.

On Friday, MDB shares opened at $360.75, reflecting a relatively stable start for the trading day ahead. The business boasts a quick ratio and current ratio both standing at 4.19 respectively.Additionally, the company possesses a debt-to-equity ratio of 1.44.MDB has displayed upward momentum in recent market performance within the past year alone ranging from its low point of$135.15 to its high mark of $439.00.

Regarding MongoDB’s financial performance, they last revealed quarterly earnings data on Thursday, June 1st.While analysts’ consensus estimates stood at an EPS of $0.18 for that quarter,MongoDB managed to surpass market predictions,revealing an actual EPS of $0.56.Utilizing this information,it can be established that revenues during that aforementioned quarter amounted to roughly$368.28 million.This figure surpassed earlier projections which had placed expected revenues around$347.77 million.MongoDB’s revenue was up 29% when compared to figures reported during the equivalent period during previous years interestingly enough.When considering net margin, MongoDB fell short slightly reporting negative results at23.58%.Similarly,negative returns on equity were observed standing out negatively at43.25%. However,in spite of these concerning results,asset management firms and hedge funds possibly appreciate the company’s revenue growth during this quarter.

Looking ahead, analysts predict that MongoDB will post a negative EPS of -2.8 for the current fiscal year in aggregate. Although such figures are rather bleak, it is not surprising given the current economic climate and market conditions. Investors and analysts alike remain cautiously optimistic about MongoDB’s overall prospects for growth in the coming years.

Article originally posted on mongodb google news. Visit mongodb google news

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