Swiss National Bank Sells 4,200 Shares of MongoDB, Inc. (NASDAQ:MDB)

Posted by Defense World Staff on Aug 20th, 2023

Swiss National Bank trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,700 shares of the company’s stock after selling 4,200 shares during the quarter. Swiss National Bank owned approximately 0.39% of MongoDB worth $63,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Keybank National Association OH raised its position in shares of MongoDB by 20.9% during the first quarter. Keybank National Association OH now owns 1,915 shares of the company’s stock worth $446,000 after acquiring an additional 331 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of MongoDB by 4.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 41,593 shares of the company’s stock worth $9,696,000 after acquiring an additional 1,866 shares during the last quarter. Spire Wealth Management bought a new position in shares of MongoDB during the first quarter worth about $91,000. Kornitzer Capital Management Inc. KS bought a new position in shares of MongoDB during the first quarter worth about $326,000. Finally, Tower Research Capital LLC TRC grew its stake in MongoDB by 116.4% during the first quarter. Tower Research Capital LLC TRC now owns 6,173 shares of the company’s stock worth $1,439,000 after purchasing an additional 3,320 shares during the period. 89.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDB has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. VNET Group reaffirmed a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. Tigress Financial raised their target price on MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. Barclays raised their target price on MongoDB from $374.00 to $421.00 in a research note on Monday, June 26th. Finally, Stifel Nicolaus raised their target price on MongoDB from $375.00 to $420.00 in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $378.09.

Read Our Latest Stock Analysis on MongoDB

Insider Buying and Selling

In related news, CRO Cedric Pech sold 360 shares of MongoDB stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the sale, the executive now directly owns 37,156 shares in the company, valued at $15,114,689.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now directly owns 37,156 shares in the company, valued at $15,114,689.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now owns 1,213,159 shares in the company, valued at $509,526,780. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,220 shares of company stock worth $38,763,571. 4.80% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of MongoDB stock opened at $350.83 on Friday. The business’s fifty day simple moving average is $392.58 and its 200 day simple moving average is $294.48. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $439.00. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. MongoDB’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the company posted ($1.15) earnings per share. Research analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal year.

MongoDB Company Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.