Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,000 shares of the company's stock, valued at approximately $13,270,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of MongoDB as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MDB. Blue Trust Inc. lifted its position in shares of MongoDB by 59.4% in the 4th quarter. Blue Trust Inc. now owns 1,478 shares of the company's stock worth $344,000 after purchasing an additional 551 shares during the period. KBC Group NV lifted its position in shares of MongoDB by 5.2% in the 4th quarter. KBC Group NV now owns 18,079 shares of the company's stock worth $4,209,000 after purchasing an additional 890 shares during the period. Pacer Advisors Inc. lifted its position in shares of MongoDB by 12.6% in the 4th quarter. Pacer Advisors Inc. now owns 5,504 shares of the company's stock worth $1,281,000 after purchasing an additional 615 shares during the period. Perigon Wealth Management LLC lifted its position in shares of MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after purchasing an additional 66 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of MongoDB in the 4th quarter worth about $163,000. Institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,175 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the transaction, the director now owns 19,333 shares of the company's stock, valued at approximately $3,377,281.77. The trade was a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 268,948 shares in the company, valued at approximately $46,597,930.48. The trade was a 6.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,203 shares of company stock worth $3,848,569. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDB. The Goldman Sachs Group dropped their target price on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. UBS Group set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Scotiabank reissued a "sector perform" rating and set a $160.00 price target (down from $240.00) on shares of MongoDB in a research report on Friday, April 25th. Macquarie lowered their price target on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Piper Sandler lowered their price target on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $286.88.

MongoDB Stock Performance

Shares of MDB stock traded up $3.10 during trading hours on Monday, reaching $191.93. The company had a trading volume of 1,367,251 shares, compared to its average volume of 1,889,702. The business has a fifty day moving average price of $174.13 and a 200-day moving average price of $231.89. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a market cap of $15.58 billion, a PE ratio of -70.05 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

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.