E. Ohman J or Asset Management AB Acquires New Shares in MongoDB, Inc. (NASDAQ:MDB)

E. Ohman J or Asset Management AB acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,500 shares of the company's stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MDB. Vanguard Group Inc. raised its stake in shares of MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Franklin Resources Inc. increased its holdings in MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after purchasing an additional 181,962 shares during the period. Geode Capital Management LLC raised its position in MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after purchasing an additional 22,106 shares during the last quarter. First Trust Advisors LP lifted its holdings in MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after buying an additional 95,893 shares during the period. Finally, Norges Bank bought a new stake in shares of MongoDB in the 4th quarter valued at about $189,584,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were 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 owns 268,948 shares in the company, valued at approximately $46,597,930.48. The trade was a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,203 shares of company stock worth $3,848,569. Insiders own 3.10% of the company's stock.

MongoDB Stock Down 2.3%

Shares of MongoDB stock opened at $220.14 on Friday. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The business has a 50 day moving average price of $176.52 and a 200-day moving average price of $229.93. The company has a market cap of $17.87 billion, a PE ratio of -80.34 and a beta of 1.40.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates 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 12.22% and a negative net margin of 10.46%. MongoDB's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MDB shares. The Goldman Sachs Group lowered their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Daiwa Capital Markets assumed coverage on shares of MongoDB in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price target on the stock. Rosenblatt Securities reduced their price objective on shares of MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.47.

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.

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