Swiss National Bank Has $58.86 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Swiss National Bank increased its position in MongoDB, Inc. (NASDAQ:MDB) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 217,700 shares of the company’s stock after buying an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in MongoDB were worth $58,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB raised its stake in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares during the period. Thrivent Financial for Lutherans lifted its holdings in MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Point72 Asset Management L.P. bought a new position in MongoDB during the second quarter worth $52,131,000. Renaissance Technologies LLC increased its holdings in shares of MongoDB by 828.9% in the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock valued at $45,743,000 after purchasing an additional 163,300 shares during the last quarter. Finally, LA Financiere DE L Echiquier bought a new position in shares of MongoDB in the second quarter valued at about $19,497,000. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $768,750.00. Following the completion of the transaction, the director now owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,600 shares of company stock valued at $7,034,249 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Citigroup lifted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Oppenheimer upped their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays lifted their price target on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Truist Financial upped their price objective on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Mizuho lifted their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $336.54.

MongoDB Trading Up 1.7 %

MDB opened at $289.15 on Wednesday. The company has a market cap of $21.36 billion, a P/E ratio of -95.74 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company’s 50 day moving average is $278.06 and its 200-day moving average is $273.04. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the business posted ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

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.