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Vontobel Holding Ltd. grew its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 11.6% in the first quarter, Holdings Channel.com reports. The firm owned 11,059 shares of the company’s stock after acquiring an additional 1,146 shares during the quarter. Vontobel Holding Ltd.’s holdings in MongoDB were worth $2,578,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MDB. Bessemer Group Inc. purchased a new stake in shares of MongoDB during the fourth quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of MongoDB during the fourth quarter worth about $30,000. Lindbrook Capital LLC grew its holdings in shares of MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of MongoDB during the fourth quarter worth about $36,000. Finally, CI Investments Inc. lifted its position in MongoDB by 126.8% in the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after purchasing an additional 104 shares during the period. 89.22% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CAO Thomas Bull sold 605 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Thomas Bull sold 605 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now owns 17,706 shares in the company, valued at approximately $4,042,988.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Cedric Pech sold 720 shares of MongoDB 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 of the company’s stock, valued at approximately $12,112,906.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,856 shares of company stock valued at $27,327,511. 4.80% of the stock is currently owned by corporate insiders.
MongoDB Stock Performance
Shares of MDB opened at $379.98 on Tuesday. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $398.89. The firm has a fifty day simple moving average of $298.74 and a 200 day simple moving average of $240.54. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of -81.37 and a beta of 1.04. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. During the same period in the prior year, the firm posted ($1.15) earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Research analysts forecast that MongoDB, Inc. will post -2.85 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on MDB. Tigress Financial reissued a “buy” rating and set a $365.00 price objective on shares of MongoDB in a research note on Thursday, April 20th. Citigroup raised their price objective on shares of MongoDB from $363.00 to $430.00 in a research note on Friday, June 2nd. JMP Securities lifted their target price on shares of MongoDB from $245.00 to $370.00 in a research note on Friday, June 2nd. Sanford C. Bernstein lifted their price target on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Finally, Credit Suisse Group decreased their price target on shares of MongoDB from $305.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $353.75.
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.
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