B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,150 shares of the company's stock, valued at approximately $4,366,000.

A number of other large investors also recently added to or reduced their stakes in MDB. Swedbank AB grew its stake in shares of 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 in the last quarter. Thrivent Financial for Lutherans grew its position in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company's stock valued at $106,084,000 after acquiring an additional 388,979 shares in the last quarter. Blair William & Co. IL grew its position in MongoDB by 16.4% in the 2nd quarter. Blair William & Co. IL now owns 315,830 shares of the company's stock valued at $78,945,000 after acquiring an additional 44,608 shares in the last quarter. Fiera Capital Corp increased its stake in MongoDB by 1.5% during the second quarter. Fiera Capital Corp now owns 231,915 shares of the company's stock worth $57,969,000 after purchasing an additional 3,525 shares during the period. Finally, Swiss National Bank lifted its position in shares of MongoDB by 1.1% during the third quarter. Swiss National Bank now owns 217,700 shares of the company's stock worth $58,855,000 after purchasing an additional 2,300 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $23,313,925.17. This represents a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,319 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $285.92, for a total transaction of $377,128.48. Following the transaction, the director now directly owns 87,744 shares in the company, valued at approximately $25,087,764.48. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,600 shares of company stock valued at $7,034,249. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

MDB stock opened at $281.76 on Thursday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company's 50-day moving average price is $278.01 and its 200 day moving average price is $272.52.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts' expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm's revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.63) EPS. On average, equities analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of MongoDB from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Needham & Company LLC raised their price target on MongoDB from $290.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Mizuho lifted their price target on MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. UBS Group increased their price objective on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Finally, Bank of America boosted their target price on MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $336.54.

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.