Swiss National Bank Purchases 2,300 Shares of MongoDB, Inc. (NASDAQ:MDB)

Swiss National Bank grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 217,700 shares of the company's stock after purchasing an additional 2,300 shares during the period. Swiss National Bank owned approximately 0.29% of MongoDB worth $58,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new stake in MongoDB during the 2nd quarter worth $25,000. J.Safra Asset Management Corp lifted its holdings in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after buying an additional 116 shares during the period. Quarry LP lifted its holdings in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after buying an additional 129 shares during the period. Hantz Financial Services Inc. acquired a new position in MongoDB during the 2nd quarter worth about $35,000. Finally, GAMMA Investing LLC lifted its holdings in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after buying an additional 93 shares during the period. Institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In other MongoDB news, CRO Cedric Pech sold 302 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 transaction of $77,387.50. Following the completion of the transaction, the executive now owns 33,440 shares of the company's stock, valued at approximately $8,569,000. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the transaction, the director now directly owns 1,131,006 shares of the company's stock, valued at $289,820,287.50. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,600 shares of company stock worth $7,034,249. Insiders own 3.60% of the company's stock.

MongoDB Price Performance

Shares of MDB stock traded down $7.39 during trading on Wednesday, hitting $281.76. The company had a trading volume of 1,235,455 shares, compared to its average volume of 1,430,244. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock's 50-day moving average is $278.01 and its two-hundred day moving average is $272.52. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of -95.74 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned ($0.63) earnings per share. The business's quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Sanford C. Bernstein boosted their price objective on MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their price objective on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Citigroup boosted their price objective on MongoDB from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Finally, DA Davidson boosted their price target on shares of MongoDB from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $336.54.

MongoDB 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.