MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Swiss National Bank

Key Points

• The Swiss National Bank increased its stake in MongoDB, Inc. by 0.7%, owning 210,100 shares valued at approximately $36.85 million as of the latest filing.
• Institutional ownership of MongoDB is high, with 89.29% of the stock held by institutional investors and hedge funds.
• MongoDB recently reported quarterly earnings, with a revenue of $549.01 million, exceeding estimates and showing a 21.8% year-over-year growth.

Swiss National Bank raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,100 shares of the company's stock after buying an additional 1,400 shares during the quarter. Swiss National Bank owned about 0.26% of MongoDB worth $36,852,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its position in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock valued at $243,000 after acquiring an additional 39 shares in the last quarter. Handelsbanken Fonder AB increased its stake in MongoDB by 0.4% during the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after acquiring an additional 65 shares during the last quarter. Wedbush Securities Inc. increased its stake in MongoDB by 2.6% during the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after acquiring an additional 77 shares during the last quarter. Fifth Third Bancorp increased its stake in MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after acquiring an additional 78 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of MongoDB by 0.4% during the first quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock valued at $3,772,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research analyst reports. BMO Capital Markets assumed coverage on MongoDB in a research note on Monday, July 28th. They issued an "outperform" rating and a $280.00 price objective on the stock. Cantor Fitzgerald increased their price objective on shares of MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Scotiabank boosted their price objective on MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Loop Capital lowered MongoDB from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $345.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.31.

MongoDB Stock Performance

Shares of MDB stock traded up $14.03 during trading hours on Friday, hitting $218.40. 1,406,474 shares of the company were exchanged, compared to its average volume of 2,311,023. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The business's 50-day simple moving average is $215.43 and its two-hundred day simple moving average is $209.99. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of -191.95 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same quarter last year, the company posted $0.51 earnings per share. The company's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director owned 1,107,006 shares of the company's stock, valued at $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 over the last quarter. Insiders own 3.10% of the company's stock.

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.