Skandinaviska Enskilda Banken AB publ Boosts Stake in MongoDB, Inc. (NASDAQ:MDB)

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,286 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in MongoDB were worth $5,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank lifted its stake in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. bought a new stake in MongoDB during the fourth quarter worth about $35,000. Brooklyn Investment Group bought a new stake in MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC lifted its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,314 shares of company stock valued at $12,981,833 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on MDB. Morgan Stanley dropped their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Scotiabank reissued a “sector perform” rating and issued a $240.00 target price (down previously from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. Barclays lowered their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Finally, Tigress Financial boosted their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

MongoDB Trading Up 0.1 %

MDB stock opened at $185.37 on Friday. The stock has a market capitalization of $13.80 billion, a PE ratio of -67.65 and a beta of 1.30. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The stock’s 50 day simple moving average is $256.72 and its 200 day simple moving average is $272.29.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the company earned $0.86 earnings per share. On average, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB 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.