Swiss National Bank Has $48.59 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Swiss National Bank decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 208,700 shares of the company's stock after selling 9,000 shares during the period. Swiss National Bank owned approximately 0.28% of MongoDB worth $48,587,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new stake in shares of MongoDB during the third quarter valued at approximately $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% during the third 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 stake in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Wedbush cut their price objective on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus cut their price objective on shares of MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Citigroup restated a "buy" rating on shares of MongoDB in a research note on Thursday, March 6th. Finally, Barclays cut their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.70.

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Insider Buying and Selling

In related news, CAO Thomas Bull sold 169 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $0.76 during trading hours on Thursday, hitting $189.30. The stock had a trading volume of 1,400,310 shares, compared to its average volume of 2,120,790. The company has a market capitalization of $14.10 billion, a P/E ratio of -69.09 and a beta of 1.30. The firm's 50-day moving average price is $253.21 and its two-hundred day moving average price is $270.89. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results 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 company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, analysts expect that MongoDB, Inc. will post -1.78 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.