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Swiss National Bank cut its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 208,700 shares of the company’s stock after selling 9,000 shares during the period. Swiss National Bank owned approximately 0.28% of MongoDB worth $48,587,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of MDB. Jennison Associates LLC boosted its stake in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the last quarter. Raymond James Financial Inc. acquired a new position in MongoDB during the fourth quarter valued at approximately $90,478,000. Amundi increased its position in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Finally, Avala Global LP acquired a new stake in shares of MongoDB in the 3rd quarter valued at approximately $47,960,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Insider Activity
In other news, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now directly owns 79,062 shares in the company, valued at approximately $18,507,623.58. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,314 shares of company stock valued at $11,642,583 in the last ninety days. 3.60% of the stock is owned by company insiders.
MongoDB Stock Performance
Shares of MDB stock traded up $7.68 on Monday, hitting $193.05. The company had a trading volume of 2,039,974 shares, compared to its average volume of 1,683,732. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The firm has a market cap of $14.38 billion, a P/E ratio of -70.46 and a beta of 1.30. The stock’s 50-day moving average is $256.72 and its two-hundred day moving average is $272.55.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the business posted $0.86 EPS. Equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
Analyst Ratings Changes
Several research firms have issued reports on MDB. China Renaissance initiated coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target on the stock. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Canaccord Genuity Group lowered their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Truist Financial reduced their target price on MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Barclays dropped their price target on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $319.87.
MongoDB Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.
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