B. Metzler seel. Sohn & Co. Holding AG Makes New $4.37 Million Investment in MongoDB, Inc. (NASDAQ:MDB)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,150 shares of the company’s stock, valued at approximately $4,366,000.

Several other large investors also recently modified their holdings of the stock. Swedbank AB boosted its stake in MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of MongoDB in the 2nd quarter valued at about $52,131,000. Renaissance Technologies LLC increased its position in MongoDB by 828.9% in the 2nd quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock valued at $45,743,000 after buying an additional 163,300 shares in the last quarter. Finally, LA Financiere DE L Echiquier acquired a new position in MongoDB during the 2nd quarter worth approximately $19,497,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. This trade represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,600 shares of company stock worth $7,034,249. Insiders own 3.60% of the company’s stock.

MongoDB Stock Down 2.6 %

Shares of NASDAQ MDB opened at $281.76 on Thursday. The stock has a market capitalization of $20.81 billion, a PE ratio of -93.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The business’s fifty day moving average price is $278.01 and its 200-day moving average price is $272.52. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.63) EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a report on Friday, August 30th. Citigroup lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Needham & Company LLC upped their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Truist Financial boosted their price objective on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.54.

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.