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

Swiss National Bank reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,700 shares of the company’s stock after selling 9,000 shares during the period. Swiss National Bank owned 0.28% of MongoDB worth $48,587,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MDB. Hilltop National Bank lifted its holdings in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. purchased a new position in MongoDB in the fourth quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new position in MongoDB during the third quarter valued at approximately $36,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Royal Bank of Canada reduced their price target on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Mizuho lifted their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Insider Activity

In other news, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total transaction of $313,713.25. Following the completion of the transaction, the director now owns 17,570 shares of the company’s stock, valued at approximately $4,691,014.30. The trade was a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,314 shares of company stock valued at $11,642,583. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

MDB stock opened at $185.37 on Monday. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The firm has a fifty day moving average price of $256.72 and a two-hundred day moving average price of $272.55. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of -67.65 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the firm posted $0.86 EPS. As a group, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal 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.