Swiss Life Asset Management Ltd Acquires 2,056 Shares of MongoDB, Inc. $MDB

Swiss Life Asset Management Ltd boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 33.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,264 shares of the company’s stock after buying an additional 2,056 shares during the period. Swiss Life Asset Management Ltd’s holdings in MongoDB were worth $2,565,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares during the period. Promus Capital LLC bought a new stake in shares of MongoDB during the second quarter worth $36,000. TD Private Client Wealth LLC raised its holdings in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares during the period. Hollencrest Capital Management bought a new stake in MongoDB in the 3rd quarter valued at $37,000. Finally, Westside Investment Management Inc. lifted its position in MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total value of $4,077,000.00. Following the completion of the transaction, the director directly owned 1,031,316 shares in the company, valued at $420,467,533.20. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 19,383 shares of company stock worth $7,910,983 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $273.25 on Tuesday. The company’s 50-day moving average price is $335.58 and its two-hundred day moving average price is $352.07. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The stock has a market capitalization of $22.24 billion, a PE ratio of -310.51 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Raymond James Financial initiated coverage on MongoDB in a report on Monday, December 15th. They set a “market perform” rating for the company. Truist Financial cut 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. Zacks Research cut MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Macquarie Infrastructure increased their price objective on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Finally, Wells Fargo & Company dropped their target price on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $355.24.

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.