Swiss National Bank Trims Stake in MongoDB, Inc. (NASDAQ:MDB)

Swiss National Bank lowered its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 223,100 shares of the company's stock after selling 4,000 shares during the quarter. Swiss National Bank owned approximately 0.31% of MongoDB worth $91,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MDB. Blue Trust Inc. boosted its stake in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company's stock worth $34,000 after acquiring an additional 75 shares during the period. BluePath Capital Management LLC acquired a new stake in MongoDB during the 3rd quarter valued at $30,000. AM Squared Ltd bought a new position in MongoDB during the third quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of MongoDB in the third quarter valued at $35,000. Finally, Castleview Partners LLC bought a new position in shares of MongoDB in the third quarter valued at about $37,000. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $465.00 price target on shares of MongoDB in a research note on Friday. JMP Securities restated a "market outperform" rating and issued a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. KeyCorp dropped their price objective on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. Citigroup increased their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Finally, DA Davidson upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and lifted their price target for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $443.86.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares of the company's stock, valued at approximately $430,736,560.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the sale, the director now owns 1,148,784 shares of the company's stock, valued at $430,736,560.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 1,430 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares of the company's stock, valued at $15,819,510.84. The disclosure for this sale can be found here. Insiders sold a total of 64,802 shares of company stock worth $24,771,151 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

MongoDB Stock Down 0.1 %

NASDAQ MDB traded down $0.32 on Friday, hitting $362.85. 926,998 shares of the company were exchanged, compared to its average volume of 1,215,318. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market cap of $26.43 billion, a PE ratio of -146.31 and a beta of 1.19. The stock has a fifty day moving average of $371.56 and a 200-day moving average of $391.28. MongoDB, Inc. has a 12 month low of $226.10 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

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.