MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Slow Capital Inc.

Slow Capital Inc. increased its position in MongoDB, Inc. (NASDAQ:MDB) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,134 shares of the company’s stock after acquiring an additional 735 shares during the period. Slow Capital Inc.’s holdings in MongoDB were worth $4,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of MongoDB by 12.6% during the fourth quarter. Pacer Advisors Inc. now owns 5,504 shares of the company’s stock valued at $1,281,000 after purchasing an additional 615 shares during the period. KBC Group NV increased its stake in MongoDB by 5.2% during the 4th quarter. KBC Group NV now owns 18,079 shares of the company’s stock valued at $4,209,000 after buying an additional 890 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of MongoDB during the 4th quarter worth about $3,515,000. Blue Trust Inc. lifted its stake in shares of MongoDB by 59.4% in the 4th quarter. Blue Trust Inc. now owns 1,478 shares of the company’s stock worth $344,000 after acquiring an additional 551 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in shares of MongoDB by 9.4% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 10,225 shares of the company’s stock valued at $2,380,000 after acquiring an additional 880 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 169 shares of the business’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 $39,561.21. Following the sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the 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 completion of the transaction, the director now directly owns 1,116,006 shares of the company’s stock, valued at $295,741,590. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,156 shares of company stock worth $9,220,473. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. KeyCorp lifted their target price on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Cantor Fitzgerald began coverage on shares of MongoDB in a report on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target for the company. Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research note on Monday, December 16th. Finally, China Renaissance started coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $264.58 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a market cap of $19.70 billion, a P/E ratio of -96.56 and a beta of 1.25. The stock’s 50-day moving average is $275.02 and its 200-day moving average is $269.23.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the company posted $0.96 earnings per share. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts predict that MongoDB, Inc. will post -1.79 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.