Vontobel Holding Ltd. Has $1.89 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Vontobel Holding Ltd. boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,615 shares of the company’s stock after acquiring an additional 391 shares during the quarter. Vontobel Holding Ltd.’s holdings in MongoDB were worth $1,887,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in shares of MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after acquiring an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares in the last quarter. MetLife Investment Management LLC bought a new position in MongoDB in the first quarter valued at about $1,823,000. Panagora Asset Management Inc. boosted its stake in shares of MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of MongoDB by 4.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,425 shares of the company’s stock worth $4,624,000 after purchasing an additional 463 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading 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 has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $390.81 and a 200 day moving average price of $389.91.

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

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the sale, the director now directly owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the transaction, the chief financial officer now owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold 92,802 shares of company stock worth $36,356,911 in the last three months. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Truist Financial upped their price target on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Citigroup increased their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Tigress Financial lifted their target price on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. KeyCorp decreased their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus 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.