Union Bancaire Privee UBP SA Buys Shares of 15,638 MongoDB, Inc. (NASDAQ:MDB)

Union Bancaire Privee UBP SA purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, Holdings Channel reports. The fund purchased 15,638 shares of the company’s stock, valued at approximately $3,515,000.

A number of other hedge funds have also recently made changes to their positions in MDB. Nisa Investment Advisors LLC lifted its stake in MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after acquiring an additional 40 shares in the last quarter. Hilltop National Bank increased its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. Tanager Wealth Management LLP lifted its holdings in MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after buying an additional 43 shares in the last quarter. Rakuten Securities Inc. boosted its position in MongoDB by 16.5% in the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after buying an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total transaction of $265,000.00. Following the transaction, the director now owns 1,116,006 shares in the company, valued at $295,741,590. The trade was a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $55,379,548.84. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock worth $9,220,473 in the last three months. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.5 %

Shares of NASDAQ:MDB opened at $261.86 on Monday. The company has a fifty day moving average of $275.02 and a 200-day moving average of $269.23. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last issued 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 for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. DA Davidson upped their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Canaccord Genuity Group boosted their price target on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and set a $425.00 price objective on shares of MongoDB in a research report on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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.