Forsta AP Fonden Acquires 4,200 Shares of MongoDB, Inc. (NASDAQ:MDB)

Forsta AP Fonden increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,200 shares of the company’s stock after purchasing an additional 4,200 shares during the quarter. Forsta AP Fonden’s holdings in MongoDB were worth $4,703,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MDB. The Manufacturers Life Insurance Company boosted its holdings in MongoDB by 16.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,079 shares of the company’s stock worth $6,762,000 after acquiring an additional 3,836 shares in the last quarter. Creative Planning raised its position in shares of MongoDB by 115.0% during the second quarter. Creative Planning now owns 14,991 shares of the company’s stock worth $3,747,000 after purchasing an additional 8,019 shares during the period. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in MongoDB by 12.0% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,242 shares of the company’s stock valued at $310,000 after purchasing an additional 133 shares during the period. Finally, Truist Financial Corp increased its stake in MongoDB by 15.9% during the 2nd quarter. Truist Financial Corp now owns 40,184 shares of the company’s stock valued at $10,044,000 after purchasing an additional 5,509 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,491 shares of company stock worth $11,554,190 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their price target on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Scotiabank lowered their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Mizuho lifted their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, KeyCorp increased their price target on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $361.00.

MongoDB Trading Up 0.8 %

MongoDB stock opened at $273.32 on Friday. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of -99.75 and a beta of 1.25. The firm has a 50 day simple moving average of $272.39 and a 200 day simple moving average of $269.78. 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 results 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 company had revenue of $529.40 million during 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 firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS 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.