Swedbank AB Has $162.60 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Swedbank AB lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 601,443 shares of the company's stock after selling 55,550 shares during the period. Swedbank AB owned about 0.82% of MongoDB worth $162,600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MDB. Jennison Associates LLC increased its holdings in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company's stock worth $1,581,037,000 after buying an additional 551,567 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company's stock worth $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of MongoDB by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company's stock valued at $159,625,000 after purchasing an additional 232,101 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of MongoDB during the 2nd quarter valued at $52,131,000. Finally, Vanguard Group Inc. lifted its stake in shares of MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company's stock valued at $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDB. Royal Bank of Canada restated an "outperform" rating and set a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Oppenheimer raised their price objective on MongoDB from $300.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Sanford C. Bernstein increased their price target on MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Stifel Nicolaus lifted their price target on shares of MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Truist Financial upped their price objective on shares of MongoDB from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $337.96.

MongoDB Price Performance

Shares of MongoDB stock traded down $4.48 during trading on Tuesday, reaching $284.66. The company's stock had a trading volume of 680,473 shares, compared to its average volume of 1,448,089. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The stock has a 50-day moving average price of $266.49 and a two-hundred day moving average price of $286.66. 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 stock has a market capitalization of $20.88 billion, a P/E ratio of -102.90 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 business had revenue of $478.11 million for the quarter, compared to analysts' expectations of $465.03 million. During the same period in the prior year, the firm earned ($0.63) earnings per share. MongoDB's revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,385 shares of MongoDB stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total value of $398,630.70. Following the completion of the sale, the director now directly owns 89,063 shares in the company, valued at $25,634,112.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dev Ittycheria sold 3,556 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $911,225.00. Following the transaction, the chief executive officer now directly owns 219,875 shares in the company, valued at $56,342,968.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,385 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total value of $398,630.70. Following the completion of the sale, the director now owns 89,063 shares of the company's stock, valued at $25,634,112.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,281 shares of company stock worth $4,858,861 over the last 90 days. 3.60% of the stock is 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.