15,638 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,638 shares of the company’s stock, valued at approximately $3,515,000.

Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in shares of MongoDB by 23.6% in the third 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 valued at $69,119,000 after purchasing an additional 294,228 shares during the last quarter. Avala Global LP bought a new stake in MongoDB in the third quarter worth $47,960,000. Eagle Asset Management Inc. bought a new position in shares of MongoDB in the 3rd quarter valued at about $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MongoDB during the third quarter worth approximately $25,636,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB opened at $261.86 on Monday. The firm has a 50 day moving average of $275.02 and a two-hundred day moving average of $269.23. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.79 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,156 shares of company stock valued at $9,220,473 in the last three months. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDB. Tigress Financial raised their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. The Goldman Sachs Group upped their price target on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird boosted their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, China Renaissance assumed coverage on MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

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.