2,500 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,500 shares of the company's stock, valued at approximately $438,000.

Several other large investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in MongoDB by 12.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 195,443 shares of the company's stock worth $45,501,000 after buying an additional 21,308 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in MongoDB by 20.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,382 shares of the company's stock worth $1,719,000 after purchasing an additional 1,274 shares during the period. Stephens Investment Management Group LLC increased its stake in MongoDB by 34.3% during the 4th quarter. Stephens Investment Management Group LLC now owns 41,183 shares of the company's stock worth $9,588,000 after purchasing an additional 10,519 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of MongoDB in the fourth quarter valued at about $15,522,000. Finally, Sycomore Asset Management boosted its holdings in MongoDB by 22.3% during the fourth quarter. Sycomore Asset Management now owns 41,780 shares of the company's stock worth $9,727,000 after purchasing an additional 7,607 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 1.0%

Shares of NASDAQ MDB traded down $2.18 during midday trading on Wednesday, hitting $210.85. The stock had a trading volume of 1,681,294 shares, compared to its average volume of 1,954,884. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a fifty day moving average price of $178.26 and a 200 day moving average price of $228.06. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of -76.92 and a beta of 1.39.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter last year, the business posted $0.51 EPS. The business's revenue was up 21.8% on a year-over-year basis. On average, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their target price on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. UBS Group boosted their price target on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. The Goldman Sachs Group lowered their price target on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Loop Capital downgraded MongoDB from a "buy" rating to a "hold" rating and lowered their target price for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Truist Financial reduced their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $282.47.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer now owns 256,974 shares of the company's stock, valued at approximately $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,208 shares of company stock worth $10,167,739 in the last ninety days. 3.10% of the stock is currently owned by insiders.

About MongoDB

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.