Vontobel Holding Ltd. Has $2.20 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Vontobel Holding Ltd. boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,469 shares of the company’s stock after buying an additional 2,699 shares during the period. Vontobel Holding Ltd.’s holdings in MongoDB were worth $2,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB in the 4th quarter worth about $606,000. Aigen Investment Management LP acquired a new stake in shares of MongoDB in the 3rd quarter worth about $1,045,000. Geode Capital Management LLC raised its holdings in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB in the 3rd quarter worth about $4,366,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after acquiring an additional 7,575 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDB. Canaccord Genuity Group upped their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial reaffirmed a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Citigroup upped their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have given 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.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

MongoDB Stock Performance

MongoDB stock opened at $289.63 on Tuesday. The firm’s fifty day moving average price is $261.45 and its 200-day moving average price is $272.51. The stock has a market cap of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $488.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the company posted $0.96 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the sale, the director now owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,094 shares of company stock valued at $11,705,293. Insiders own 3.60% of the company’s stock.

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.