Handelsbanken Fonder AB Cuts Stake in MongoDB, Inc. (NASDAQ:MDB)

Handelsbanken Fonder AB reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 29.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,865 shares of the company’s stock after selling 9,870 shares during the period. Handelsbanken Fonder AB’s holdings in MongoDB were worth $9,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the third quarter worth $30,000. AM Squared Ltd acquired a new stake in shares of MongoDB during the third quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB during the third quarter worth $35,000. Finally, Castleview Partners LLC acquired a new stake in shares of MongoDB during the third quarter worth $37,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the sale, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by insiders.

MongoDB Stock Performance

NASDAQ:MDB opened at $369.29 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of -148.91 and a beta of 1.19. The company’s 50-day moving average is $383.39 and its two-hundred day moving average is $390.67. MongoDB, Inc. has a 1-year low of $212.52 and a 1-year high of $509.62.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on MDB shares. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Needham & Company LLC restated a “buy” rating and set a $465.00 target price on shares of MongoDB in a research report on Tuesday, April 9th. Loop Capital initiated coverage on shares of MongoDB in a research report on Tuesday. They set a “buy” rating and a $415.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Finally, Redburn Atlantic restated a “sell” rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

MongoDB Company 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.