MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 62,335 shares of the company's stock after acquiring an additional 7,183 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.08% of MongoDB worth $14,739,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MDB. Hilltop National Bank boosted its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the 3rd quarter valued at $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the third quarter valued at $44,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 0.2 %

Shares of MongoDB stock traded up $0.42 during mid-day trading on Wednesday, hitting $196.12. The stock had a trading volume of 3,747,498 shares, compared to its average volume of 1,682,510. The firm has a market cap of $14.61 billion, a P/E ratio of -71.58 and a beta of 1.30. The firm has a 50-day moving average of $259.87 and a two-hundred day moving average of $273.64. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19.

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MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to analysts' expectations of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MDB. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Morgan Stanley reduced their price target on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Robert W. Baird decreased their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $240.00 target price (down from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $319.87.

Insider Buying and Selling

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company's stock, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,314 shares of company stock valued at $12,981,833. 3.60% of the stock is currently owned by insiders.

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.