Swedbank AB Has $107.98 Million Holdings in MongoDB, Inc. $MDB

Key Points

• Swedbank AB increased its stake in MongoDB, Inc. by 2.2%, owning approximately 615,593 shares valued at $107.98 million as of the latest SEC filing.
• Several other institutional investors also raised their positions in MongoDB during the first quarter, with institutional ownership now at 89.29%.
• Analysts have a positive outlook on MongoDB, with one strong buy, twenty-seven buy ratings, and an average price target of $310.86.

Swedbank AB grew its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 615,593 shares of the company's stock after buying an additional 13,100 shares during the period. Swedbank AB owned approximately 0.75% of MongoDB worth $107,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its position in shares of MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after buying an additional 65 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after buying an additional 77 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the last quarter. Arizona State Retirement System lifted its position in shares of MongoDB by 0.4% during the 1st quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock worth $3,772,000 after purchasing an additional 83 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in shares of MongoDB by 5.6% during the 1st quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock worth $307,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Transactions at MongoDB

In other 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 value of $245,000.00. Following the sale, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. This represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares in the company, valued at approximately $3,783,847.50. This represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,730 shares of company stock worth $16,292,409 over the last quarter. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. DA Davidson boosted their price objective on MongoDB from $275.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. BMO Capital Markets boosted their price objective on MongoDB from $280.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Barclays boosted their price objective on MongoDB from $270.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of MongoDB in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $310.86.

MongoDB Trading Down 0.6%

Shares of NASDAQ:MDB opened at $330.10 on Friday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The firm has a market capitalization of $26.86 billion, a PE ratio of -336.84 and a beta of 1.49. The business's 50 day moving average is $246.21 and its 200-day moving average is $210.02.

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.

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