Vontobel Holding Ltd. Sells 1,538 Shares of MongoDB, Inc. (NASDAQ:MDB)

Vontobel Holding Ltd. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 18.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,770 shares of the company’s stock after selling 1,538 shares during the quarter. Vontobel Holding Ltd.’s holdings in MongoDB were worth $1,830,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MDB. Jennison Associates LLC boosted its stake in MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the last quarter. Swedbank AB boosted its position in shares of MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after buying an additional 388,979 shares in the last quarter. Clearbridge Investments LLC raised its position in MongoDB by 109.0% in the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after buying an additional 232,101 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in MongoDB in the 2nd quarter valued at $52,131,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

MongoDB stock opened at $275.54 on Friday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $20.21 billion, a PE ratio of -98.06 and a beta of 1.15. The firm’s 50 day simple moving average is $270.35 and its 200 day simple moving average is $284.99.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter in the prior year, the firm posted ($0.63) earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,385 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total transaction of $398,630.70. Following the sale, the director now owns 89,063 shares in the company, valued at approximately $25,634,112.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the sale, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,385 shares of MongoDB stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total transaction of $398,630.70. Following the transaction, the director now directly owns 89,063 shares in the company, valued at $25,634,112.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,281 shares of company stock valued at $6,310,411 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several recent analyst reports. Tigress Financial reduced their target price on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Bank of America upped their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Morgan Stanley lifted their target price on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Stifel Nicolaus boosted their target price on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein increased their price target on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $337.96.

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.