Baader Bank Aktiengesellschaft Has $877,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Key Points

• Baader Bank Aktiengesellschaft significantly reduced its stake in MongoDB, Inc., selling 39,595 shares to hold just 5,000 shares, worth approximately $877,000.
• Multiple institutional investors modified their holdings in MongoDB, with notable actions including a 52.6% increase by Park Avenue Securities and new stakes purchased by 111 Capital and Sowell Financial Services.
• Analyst ratings for MongoDB show a consensus of "Moderate Buy," with multiple firms adjusting target prices, including Barclays raising it from $252 to $270.

Baader Bank Aktiengesellschaft decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 88.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the company's stock after selling 39,595 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in MongoDB were worth $877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. XTX Topco Ltd lifted its position in MongoDB by 1,041.4% in the first quarter. XTX Topco Ltd now owns 20,683 shares of the company's stock valued at $3,628,000 after buying an additional 18,871 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in MongoDB by 8.2% in the first quarter. Harvest Fund Management Co. Ltd now owns 4,704 shares of the company's stock valued at $825,000 after buying an additional 357 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of MongoDB during the first quarter worth about $548,000. Federated Hermes Inc. acquired a new stake in shares of MongoDB during the first quarter worth about $1,759,000. Finally, Fiera Capital Corp lifted its position in shares of MongoDB by 38.2% during the first quarter. Fiera Capital Corp now owns 302,671 shares of the company's stock worth $53,088,000 after purchasing an additional 83,627 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MDB shares. UBS Group increased their price target on shares of MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of MongoDB in a report on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and issued a $300.00 target price on shares of MongoDB in a report on Thursday, June 5th. Finally, Bank of America raised their target price on shares of MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $281.31.

MongoDB Price Performance

MongoDB stock traded up $4.97 during midday trading on Monday, hitting $225.94. 819,715 shares of the company were exchanged, compared to its average volume of 2,293,322. The company's fifty day moving average price is $211.50 and its 200-day moving average price is $211.98. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The company has a market cap of $18.46 billion, a PE ratio of -198.46 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director directly owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. This represents a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $243.89, for a total value of $2,032,823.15. Following the transaction, the chief executive officer owned 236,557 shares of the company's stock, valued at approximately $57,693,886.73. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,416 shares of company stock valued at $11,936,656. Corporate insiders own 3.10% 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.