MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Swedbank AB

Swedbank AB lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 602,493 shares of the company's stock after buying an additional 1,050 shares during the period. Swedbank AB owned about 0.81% of MongoDB worth $140,266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MDB. Dimensional Fund Advisors LP lifted its holdings in shares of MongoDB by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 111,487 shares of the company's stock worth $27,865,000 after acquiring an additional 17,990 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in MongoDB by 16.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,079 shares of the company's stock worth $6,762,000 after purchasing an additional 3,836 shares during the last quarter. Creative Planning boosted its position in shares of MongoDB by 115.0% during the second quarter. Creative Planning now owns 14,991 shares of the company's stock valued at $3,747,000 after buying an additional 8,019 shares during the period. Quarry LP grew its stake in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company's stock valued at $33,000 after buying an additional 129 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of MongoDB by 12.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,242 shares of the company's stock worth $310,000 after buying an additional 133 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,491 shares of company stock valued at $11,554,190. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. KeyCorp boosted their price objective on MongoDB from $330.00 to $375.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Canaccord Genuity Group upped their price target on shares of MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird lifted their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Monday, January 6th. Finally, Citigroup lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $361.00.

MongoDB Stock Down 2.6 %

Shares of MDB traded down $7.26 during mid-day trading on Thursday, hitting $271.07. 2,240,897 shares of the company traded hands, compared to its average volume of 1,653,422. The company has a market capitalization of $20.19 billion, a PE ratio of -98.93 and a beta of 1.25. The business has a 50 day moving average of $274.45 and a 200 day moving average of $269.62. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the business posted $0.96 EPS. MongoDB's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, research analysts expect that MongoDB, Inc. will post -1.79 EPS 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.