Skandinaviska Enskilda Banken AB publ Has $5.68 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Skandinaviska Enskilda Banken AB publ raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,286 shares of the company's stock after purchasing an additional 2,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in MongoDB were worth $5,683,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. acquired a new position in MongoDB in the fourth quarter worth about $35,000. Brooklyn Investment Group bought a new position in MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the firm's 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 sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares of the company's stock, valued at $18,507,623.58. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,139 shares of company stock valued at $11,328,869. Insiders own 3.60% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Scotiabank reaffirmed a "sector perform" rating and set a $240.00 price target (down from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Stifel Nicolaus reduced their price objective on MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Finally, Cantor Fitzgerald initiated coverage on MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $319.87.

MongoDB Trading Up 0.7 %

Shares of NASDAQ MDB traded up $1.38 during midday trading on Wednesday, reaching $190.06. The company's stock had a trading volume of 1,667,056 shares, compared to its average volume of 1,692,785. The stock has a 50 day simple moving average of $254.38 and a 200-day simple moving average of $271.46. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19.

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