Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in MongoDB, Inc. (NASDAQ:MDB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its stake in MongoDB, Inc. by 3.6% in the first quarter, now owning 54,968 shares valued at approximately $9.64 million.
• Several large investors, including Korea Investment CORP and Mitsubishi UFJ Asset Management, have recently increased their positions in MongoDB, showcasing strong institutional interest in the company.
• MongoDB, Inc. reported $1.00 EPS for its last quarter, exceeding estimates and reflecting a year-over-year revenue growth of 21.8%.

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,968 shares of the company's stock after selling 2,032 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of MongoDB worth $9,641,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MDB. Korea Investment CORP raised its position in MongoDB by 20.3% during the 4th quarter. Korea Investment CORP now owns 58,871 shares of the company's stock worth $13,706,000 after buying an additional 9,936 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of MongoDB by 9.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,466 shares of the company's stock worth $14,405,000 after purchasing an additional 5,056 shares during the period. NEOS Investment Management LLC grew its stake in shares of MongoDB by 6.7% during the 4th quarter. NEOS Investment Management LLC now owns 3,526 shares of the company's stock worth $821,000 after purchasing an additional 222 shares during the period. Norges Bank acquired a new position in shares of MongoDB during the 4th quarter worth $189,584,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of MongoDB by 66.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,574 shares of the company's stock worth $10,144,000 after purchasing an additional 17,345 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. This represents a 0.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 25,005 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the completion of the transaction, the chief executive officer owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,746 shares of company stock worth $7,725,196 in the last three months. Company insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MDB stock opened at $241.37 on Friday. The firm has a market cap of $19.72 billion, a P/E ratio of -211.73 and a beta of 1.41. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The firm's 50-day simple moving average is $206.48 and its 200-day simple moving average is $212.69.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company's revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. Monness Crespi & Hardt raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target on the stock in a research note on Thursday, June 5th. Citigroup lowered their price target on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Piper Sandler upped their price target on shares of MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Finally, Daiwa America raised shares of MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $281.35.

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.

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.