Banque Cantonale Vaudoise Cuts Position in MongoDB, Inc. $MDB

Banque Cantonale Vaudoise lessened its holdings in MongoDB, Inc. (NASDAQ:MDB) by 49.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,618 shares of the company’s stock after selling 3,596 shares during the period. Banque Cantonale Vaudoise’s holdings in MongoDB were worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. WINTON GROUP Ltd increased its holdings in shares of MongoDB by 349.0% in the 3rd quarter. WINTON GROUP Ltd now owns 17,197 shares of the company’s stock worth $5,338,000 after buying an additional 13,367 shares during the last quarter. Schroder Investment Management Group grew its position in MongoDB by 24.3% in the third quarter. Schroder Investment Management Group now owns 8,123 shares of the company’s stock worth $2,521,000 after acquiring an additional 1,588 shares in the last quarter. Vinva Investment Management Ltd bought a new stake in MongoDB during the third quarter worth approximately $2,142,000. Meiji Yasuda Life Insurance Co raised its position in MongoDB by 33.1% during the third quarter. Meiji Yasuda Life Insurance Co now owns 3,344 shares of the company’s stock valued at $1,038,000 after purchasing an additional 831 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of MongoDB by 3.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 0.0%

Shares of NASDAQ MDB opened at $270.57 on Thursday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The stock’s fifty day simple moving average is $360.04 and its two-hundred day simple moving average is $353.08. The stock has a market capitalization of $22.02 billion, a PE ratio of -307.47 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 31,949 shares of company stock worth $13,159,930. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDB. Truist Financial decreased their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Sanford C. Bernstein lowered shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Cantor Fitzgerald dropped their price target on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group cut their price target on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.18.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.