Banque Cantonale Vaudoise Purchases Shares of 3,124 MongoDB, Inc. (NASDAQ:MDB)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in MongoDB, Inc. worth approximately $548,000 during the first quarter, purchasing 3,124 shares of its stock.
• MongoDB reported a 21.8% year-over-year revenue increase, with $549.01 million for the quarter and earnings per share of $1.00, surpassing analysts' expectations.
• Analysts maintain a consensus rating of Moderate Buy for MongoDB's stock, with 27 buy ratings and a target price averaging around $281.31.

Banque Cantonale Vaudoise purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,124 shares of the company's stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDB. Marshall Wace LLP purchased a new stake in MongoDB in the 4th quarter valued at approximately $110,356,000. D1 Capital Partners L.P. acquired a new position in MongoDB during the fourth quarter worth $76,129,000. Alyeska Investment Group L.P. acquired a new stake in MongoDB in the fourth quarter valued at $24,633,000. Frontier Capital Management Co. LLC boosted its position in shares of MongoDB by 43.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 339,257 shares of the company's stock worth $78,982,000 after purchasing an additional 102,556 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of MongoDB by 52.9% during the 4th quarter. Deutsche Bank AG now owns 294,463 shares of the company's stock worth $68,554,000 after purchasing an additional 101,819 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the business'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 value of $245,000.00. Following the completion of the sale, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,416 shares of company stock worth $11,936,656 over the last ninety days. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MDB. 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. UBS Group lifted their price objective on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Guggenheim boosted their target price on MongoDB from $235.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Scotiabank increased their price objective on shares of MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Finally, Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price for the company in a report on Thursday, April 17th. Nine research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $281.31.

MongoDB Trading Up 3.3%

MDB stock traded up $7.57 during trading on Wednesday, hitting $235.82. The company had a trading volume of 1,785,990 shares, compared to its average volume of 2,289,430. The business has a 50 day moving average of $213.10 and a 200 day moving average of $211.90. The firm has a market capitalization of $19.27 billion, a price-to-earnings ratio of -206.86 and a beta of 1.44. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during 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%. The company's revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.