Lansforsakringar Fondforvaltning AB publ Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Lansforsakringar Fondforvaltning AB publ bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,778 shares of the company's stock, valued at approximately $5,769,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Centaurus Financial Inc. raised its position in MongoDB by 19.0% in the fourth quarter. Centaurus Financial Inc. now owns 2,499 shares of the company's stock valued at $582,000 after purchasing an additional 399 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in MongoDB in the fourth quarter valued at $13,270,000. Azzad Asset Management Inc. ADV raised its holdings in shares of MongoDB by 17.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 7,519 shares of the company's stock valued at $1,750,000 after buying an additional 1,132 shares during the period. Infinitum Asset Management LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at $8,148,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of MongoDB in the 4th quarter valued at $14,458,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research analyst reports. Daiwa America upgraded MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. Guggenheim cut their price objective on MongoDB from $300.00 to $235.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Barclays cut their price objective on MongoDB from $280.00 to $252.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Daiwa Capital Markets initiated coverage on MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective on the stock. Finally, UBS Group set a $350.00 price objective on MongoDB in a report on Tuesday, March 4th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $286.88.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the transaction, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. This represents a 6.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,203 shares of company stock valued at $3,848,569 in the last ninety days. Insiders own 3.60% of the company's stock.

MongoDB Trading Up 2.2%

Shares of NASDAQ MDB traded up $4.17 during trading hours on Monday, reaching $193.00. The stock had a trading volume of 2,414,990 shares, compared to its average volume of 1,893,686. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of -70.44 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm has a 50-day moving average of $174.12 and a 200-day moving average of $231.29.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period last year, the company earned $0.86 earnings per share. On average, equities analysts predict 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.