Vontobel Holding Ltd. Acquires 2,699 Shares of MongoDB, Inc. (NASDAQ:MDB)

Vontobel Holding Ltd. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 39.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,469 shares of the company's stock after purchasing an additional 2,699 shares during the quarter. Vontobel Holding Ltd.'s holdings in MongoDB were worth $2,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning lifted its position in shares of MongoDB by 16.2% during the 3rd quarter. Creative Planning now owns 17,418 shares of the company's stock valued at $4,709,000 after acquiring an additional 2,427 shares during the period. Bleakley Financial Group LLC grew its stake in MongoDB by 10.5% during the third quarter. Bleakley Financial Group LLC now owns 939 shares of the company's stock worth $254,000 after buying an additional 89 shares in the last quarter. Blue Trust Inc. increased its holdings in MongoDB by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 927 shares of the company's stock valued at $232,000 after buying an additional 389 shares during the period. Prio Wealth Limited Partnership bought a new stake in shares of MongoDB during the 3rd quarter worth approximately $203,000. Finally, Whittier Trust Co. raised its position in MongoDB by 3.9% during the third quarter. Whittier Trust Co. now owns 30,933 shares of the company's stock valued at $8,362,000 after purchasing an additional 1,169 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity

In related news, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the transaction, the director now owns 1,124,006 shares of the company's stock, valued at approximately $392,469,175.02. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the sale, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,979 shares of company stock worth $11,963,757 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on MDB shares. Scotiabank lowered their price target on MongoDB from $350.00 to $275.00 and set a "sector perform" rating for the company in a report on Tuesday, January 21st. Monness Crespi & Hardt downgraded shares of MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Monday, December 16th. Robert W. Baird increased their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Needham & Company LLC upped their price target on shares of MongoDB from $335.00 to $415.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, China Renaissance began coverage on MongoDB in a research report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average target price of $361.00.

MongoDB Stock Down 5.8 %

MDB traded down $16.74 during trading on Friday, hitting $273.26. The company's stock had a trading volume of 1,580,897 shares, compared to its average volume of 1,505,249. The stock's fifty day moving average price is $261.59 and its 200-day moving average price is $273.25. The firm has a market capitalization of $20.35 billion, a P/E ratio of -99.73 and a beta of 1.28. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $459.70.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate 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 firm 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 earned $0.96 earnings per share. The business's quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

About MongoDB

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.