Slow Capital Inc. Has $4.70 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Slow Capital Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,399 shares of the company’s stock after buying an additional 1,497 shares during the quarter. Slow Capital Inc.’s holdings in MongoDB were worth $4,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDB. American International Group Inc. boosted its holdings in shares of MongoDB by 433.3% in the fourth quarter. American International Group Inc. now owns 6,090 shares of the company’s stock worth $2,490,000 after buying an additional 4,948 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $252,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of MongoDB by 140.4% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,666 shares of the company’s stock worth $1,090,000 after purchasing an additional 1,557 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of MongoDB by 11.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,746 shares of the company’s stock worth $1,123,000 after purchasing an additional 272 shares during the period. Finally, Rheos Capital Works Inc. boosted its holdings in shares of MongoDB by 91.4% during the first quarter. Rheos Capital Works Inc. now owns 67,000 shares of the company’s stock worth $24,029,000 after purchasing an additional 32,000 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the transaction, the director now owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the sale, the director now owns 1,140,006 shares in the company, valued at $263,341,386. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,385 shares of MongoDB stock in a transaction 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 sale, the director now owns 89,063 shares in the company, valued at $25,634,112.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,281 shares of company stock valued at $6,310,411. 3.60% of the stock is owned by company insiders.

MongoDB Trading Up 1.3 %

Shares of MDB 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 firm’s fifty day simple moving average is $270.35 and its 200 day simple moving average is $285.43. The firm has a market capitalization of $20.21 billion, a P/E ratio of -98.06 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. MongoDB’s revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.44 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. DA Davidson raised their price target on shares of MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Citigroup raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Piper Sandler raised their price objective on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein raised their price objective on shares of 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 given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus 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.