Zurcher Kantonalbank Zurich Cantonalbank Sells 16,442 Shares of MongoDB, Inc. (NASDAQ:MDB)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 54.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,572 shares of the company’s stock after selling 16,442 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MongoDB were worth $5,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC increased its stake in shares of MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after acquiring an additional 30 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after acquiring an additional 33 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of MongoDB by 4.8% in the 3rd quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock valued at $264,000 after acquiring an additional 35 shares during the last quarter. Choreo LLC increased its stake in shares of MongoDB by 3.5% in the 3rd quarter. Choreo LLC now owns 1,076 shares of the company’s stock valued at $372,000 after acquiring an additional 36 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of MongoDB by 38.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after acquiring an additional 36 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MDB shares. KeyCorp lowered their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup upped their price target on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a report on Tuesday, April 9th. Finally, UBS Group restated a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $444.93.

MongoDB Trading Down 2.4 %

Shares of MDB stock opened at $327.47 on Monday. The company has a market cap of $23.85 billion, a P/E ratio of -132.04 and a beta of 1.20. The stock has a 50 day simple moving average of $390.81 and a two-hundred day simple moving average of $390.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a fifty-two week low of $212.52 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $437.99, for a total value of $2,627,940.00. Following the transaction, the director now owns 1,168,784 shares of the company’s stock, valued at $511,915,704.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $437.99, for a total value of $2,627,940.00. Following the sale, the director now directly owns 1,168,784 shares in the company, valued at $511,915,704.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.

About MongoDB

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.