Swedbank AB Acquires 1,050 Shares of MongoDB, Inc. (NASDAQ:MDB)

Swedbank AB raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 602,493 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Swedbank AB’s holdings in MongoDB were worth $140,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC boosted its position in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after buying an additional 592,038 shares during the period. Geode Capital Management LLC lifted its stake in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after acquiring an additional 7,526 shares during the last quarter. Holocene Advisors LP boosted its holdings in MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after acquiring an additional 66,730 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total transaction of $265,000.00. Following the sale, the director now directly owns 1,116,006 shares in the company, valued at approximately $295,741,590. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,156 shares of company stock worth $9,220,473 over the last 90 days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Tigress Financial boosted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upped their target price on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Needham & Company LLC boosted their price target on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Canaccord Genuity Group increased their price objective on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Price Performance

NASDAQ MDB traded down $9.10 on Wednesday, reaching $274.90. The company had a trading volume of 243,277 shares, compared to its average volume of 1,534,071. The firm has a market capitalization of $20.47 billion, a PE ratio of -100.11 and a beta of 1.25. The firm has a 50-day moving average of $274.52 and a 200-day moving average of $269.56. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

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

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.