MongoDB, Inc. (NASDAQ:MDB) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,090 shares of the company's stock after buying an additional 1,947 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in MongoDB were worth $3,979,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MDB. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in 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. acquired a new stake in shares of MongoDB during the 4th quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new stake in shares of MongoDB during the 3rd quarter worth approximately $36,000. Continuum Advisory LLC grew its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its stake in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDB shares. Macquarie lowered their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group cut their target price on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Scotiabank reiterated a "sector perform" rating and issued a $240.00 price target (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Monday, January 6th. Finally, Truist Financial cut their price target on MongoDB from $400.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $319.87.

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MongoDB Stock Performance

Shares of MDB traded up $1.35 during mid-day trading on Wednesday, reaching $190.03. 1,298,075 shares of the company's stock traded hands, compared to its average volume of 2,122,477. The business's 50-day moving average price is $254.38 and its 200-day moving average price is $271.46. The stock has a market capitalization of $14.15 billion, a P/E ratio of -69.35 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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 net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 169 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares of the company's stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock valued at $11,328,869 over the last quarter. Corporate insiders own 3.60% of the company's stock.

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.