Union Bancaire Privee UBP SA Has $3.44 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Union Bancaire Privee UBP SA boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 28.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,018 shares of the company's stock after purchasing an additional 4,380 shares during the period. Union Bancaire Privee UBP SA's holdings in MongoDB were worth $3,441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB in the fourth quarter worth approximately $29,000. NCP Inc. acquired a new position in shares of MongoDB in the 4th quarter worth $35,000. Coppell Advisory Solutions LLC raised its position in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after purchasing an additional 182 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after purchasing an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock valued at $89,000 after purchasing an additional 140 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDB. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective for the company in a research note on Thursday, April 17th. Canaccord Genuity Group reduced their price target on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Morgan Stanley cut their target price on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial reduced their price objective on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $282.47.

MongoDB Price Performance

Shares of MDB traded up $0.06 during mid-day trading on Thursday, reaching $210.66. The company had a trading volume of 2,180,893 shares, compared to its average volume of 1,955,898. The company has a market capitalization of $17.10 billion, a P/E ratio of -76.88 and a beta of 1.39. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The company's 50-day moving average is $179.38 and its 200-day moving average is $227.94.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business's revenue was up 21.8% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction that occurred on 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. This represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,208 shares of company stock worth $10,167,739 over the last three months. 3.10% of the stock is currently owned by company insiders.

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.