MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Swedbank AB

Swedbank AB raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 602,493 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Swedbank AB owned approximately 0.81% of MongoDB worth $140,266,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MDB. Jennison Associates LLC grew its position in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. Avala Global LP purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $47,960,000. Eagle Asset Management Inc. bought a new stake in shares of MongoDB in the 3rd quarter valued at approximately $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in MongoDB during the third quarter worth $25,636,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MDB. Rosenblatt Securities started coverage on MongoDB in a research report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price on the stock. Loop Capital lifted their price target on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Wedbush upgraded MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and issued a $400.00 price target (up from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the transaction, the director now directly owns 1,124,006 shares in the company, valued at $392,469,175.02. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,156 shares of company stock valued at $9,220,473 over the last 90 days. 3.60% of the stock is owned by insiders.

MongoDB Trading Down 3.2 %

MDB stock traded down $9.10 during midday trading on Wednesday, hitting $274.90. The stock had a trading volume of 243,277 shares, compared to its average volume of 1,534,071. The firm has a market cap of $20.47 billion, a P/E ratio of -100.11 and a beta of 1.25. The business has a fifty day moving average price of $274.52 and a two-hundred day moving average price of $269.56. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. On average, equities analysts anticipate that MongoDB, Inc. will post -1.79 EPS 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.