MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 36.3% during the 4th quarter, Holdings Channel reports. The fund owned 14,751 shares of the company’s stock after selling 8,406 shares during the period. Handelsbanken Fonder AB’s holdings in MongoDB were worth $3,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MDB. Jennison Associates LLC raised its stake in MongoDB by 23.6% during the 3rd 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 in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after buying an additional 294,228 shares in the last quarter. Avala Global LP bought a new stake in shares of MongoDB in the 3rd quarter worth $47,960,000. Eagle Asset Management Inc. bought a new stake in shares of MongoDB in the 3rd quarter worth $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of MongoDB in the 3rd quarter worth $25,636,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,979 shares of company stock valued at $11,265,417 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDB. Wells Fargo & Company boosted their price objective on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Rosenblatt Securities began coverage on MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price objective on the stock. DA Davidson boosted their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Scotiabank cut their target price on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Finally, Robert W. Baird boosted their target price on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two investment 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $273.26 on Monday. The business’s 50-day moving average price is $261.71 and its two-hundred day moving average price is $274.31. MongoDB, Inc. has a one year low of $212.74 and a one year high of $459.70. The company has a market capitalization of $20.35 billion, a P/E ratio of -99.73 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

About MongoDB

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.