Danske Bank A S Has $19.45 Million Stake in MongoDB, Inc. $MDB

Danske Bank A S boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,348 shares of the company’s stock after buying an additional 3,060 shares during the quarter. Danske Bank A S’s holdings in MongoDB were worth $19,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in MongoDB by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. boosted its stake in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp boosted its stake in MongoDB by 3.7% in the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock worth $545,222,000 after purchasing an additional 63,434 shares in the last quarter. Amundi boosted its stake in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its stake in MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup reduced their price objective on MongoDB from $435.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $340.00 price objective (down from $400.00) on shares of MongoDB in a research note on Tuesday, March 3rd. Weiss Ratings lowered MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. Mizuho raised MongoDB from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $290.00 to $325.00 in a research note on Monday, March 23rd. Finally, Stifel Nicolaus reduced their price objective on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $361.97.

MongoDB Stock Up 5.0%

Shares of MDB opened at $263.46 on Friday. MongoDB, Inc. has a 12-month low of $169.26 and a 12-month high of $444.72. The firm has a market capitalization of $21.17 billion, a PE ratio of -299.39 and a beta of 1.48. The stock’s fifty day simple moving average is $264.86 and its 200-day simple moving average is $337.59.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts anticipate that MongoDB, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $236.89, for a total transaction of $1,895,120.00. Following the transaction, the director owned 1,005,316 shares of the company’s stock, valued at $238,149,307.24. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,756 shares of company stock worth $3,734,893 in the last ninety days. 3.10% of the stock is currently owned by insiders.

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.