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

Union Bancaire Privee UBP SA acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,638 shares of the company’s stock, valued at approximately $3,515,000.

A number of other institutional investors also recently modified their holdings of the company. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group bought a new position in shares of MongoDB in the 3rd quarter worth about $36,000. Continuum Advisory LLC boosted 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 acquiring an additional 118 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MongoDB in the third quarter worth about $44,000. Finally, Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $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 Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred 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 $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,979 shares of company stock worth $11,963,757. 3.60% of the stock is owned by insiders.

MongoDB Stock Performance

Shares of MDB stock opened at $273.26 on Friday. The stock has a fifty day simple moving average of $261.71 and a two-hundred day simple moving average of $273.96. The firm has a market capitalization of $20.35 billion, a PE ratio of -99.73 and a beta of 1.28. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.70.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent research reports. Royal Bank of Canada upped their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Scotiabank reduced their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target on the stock. Citigroup raised their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Monday, December 16th. Two 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 issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB has an average 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.