Livforsakringsbolaget Skandia Omsesidigt Acquires 58 Shares of MongoDB, Inc. (NASDAQ:MDB)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 58.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158 shares of the company’s stock after purchasing an additional 58 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in MongoDB were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. KB Financial Partners LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its position in shares of MongoDB by 176.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 60 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in shares of MongoDB in the 3rd quarter valued at approximately $35,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 2.4 %

Shares of NASDAQ MDB opened at $327.47 on Friday. MongoDB, Inc. has a 12-month low of $212.52 and a 12-month high of $509.62. The company’s fifty day simple moving average is $390.81 and its 200 day simple moving average is $389.91. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. On average, equities analysts predict that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the transaction, the chief executive officer now owns 198,166 shares in the company, valued at $80,409,817.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the transaction, the chief executive officer now owns 198,166 shares in the company, valued at $80,409,817.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,802 shares of company stock worth $36,356,911. Insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDB. Stifel Nicolaus reiterated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. KeyCorp lowered their price objective on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Tuesday, April 9th. Citigroup upped their price objective on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $444.93.

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.