Swiss National Bank bought a new stake in Mongodb Inc (NASDAQ:MDB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 103,000 shares of the company’s stock, valued at approximately $15,665,000.
Other institutional investors have also added to or reduced their stakes in the company. Columbus Circle Investors acquired a new stake in shares of Mongodb during the 2nd quarter worth about $5,550,000. Fernwood Investment Management LLC lifted its stake in shares of Mongodb by 4.3% during the 2nd quarter. Fernwood Investment Management LLC now owns 14,528 shares of the company’s stock worth $2,210,000 after buying an additional 595 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Mongodb during the 2nd quarter worth about $297,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Mongodb during the 2nd quarter worth about $566,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Mongodb during the 2nd quarter worth about $33,000. 69.51% of the stock is owned by institutional investors and hedge funds.
MDB has been the subject of several analyst reports. Monness Crespi & Hardt reiterated a “buy” rating and issued a $185.00 price objective (up previously from $150.00) on shares of Mongodb in a research note on Thursday, June 6th. Barclays lifted their price objective on shares of Mongodb from $143.00 to $178.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Needham & Company LLC reiterated a “buy” rating and issued a $159.00 price objective (up previously from $130.00) on shares of Mongodb in a research note on Tuesday, June 4th. Citigroup set a $155.00 price objective on shares of Mongodb and gave the stock a “hold” rating in a research note on Friday, May 31st. Finally, Zacks Investment Research cut shares of Mongodb from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $154.21.
Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02. The company had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $83.50 million. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The business’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.43) EPS. On average, research analysts predict that Mongodb Inc will post -2.07 EPS for the current fiscal year.
In related news, CEO Dev Ittycheria sold 19,600 shares of Mongodb stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $138.43, for a total transaction of $2,713,228.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles M. Hazard, Jr. sold 2,017 shares of Mongodb stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $140.30, for a total transaction of $282,985.10. The disclosure for this sale can be found here. Insiders sold a total of 227,088 shares of company stock valued at $35,102,249 over the last 90 days. Corporate insiders own 40.04% of the company’s stock.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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