Slow Capital Inc. Sells 336 Shares of MongoDB, Inc. (NASDAQ:MDB)

Slow Capital Inc. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,931 shares of the company’s stock after selling 336 shares during the quarter. MongoDB comprises about 1.1% of Slow Capital Inc.’s portfolio, making the stock its 20th biggest holding. Slow Capital Inc.’s holdings in MongoDB were worth $6,105,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of MDB. KB Financial Partners LLC bought a new stake in shares of MongoDB during the 2nd quarter worth $27,000. Blue Trust Inc. lifted its position in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of MongoDB during the 3rd quarter worth $30,000. Parkside Financial Bank & Trust lifted its position in shares of MongoDB by 176.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares during the last quarter. Finally, AM Squared Ltd bought a new stake in shares of MongoDB during the 3rd quarter worth $35,000. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the transaction, the director now owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total value of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares in the company, valued at $80,409,817.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now owns 528,896 shares in the company, valued at approximately $222,136,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,802 shares of company stock worth $36,356,911. Corporate insiders own 4.80% of the company’s stock.

MongoDB Trading Down 1.0 %

Shares of MongoDB stock traded down $3.44 on Wednesday, hitting $346.36. 398,702 shares of the company’s stock traded hands, compared to its average volume of 1,376,885. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The company has a fifty day moving average of $399.36 and a two-hundred day moving average of $390.78. The company has a market capitalization of $25.23 billion, a price-to-earnings ratio of -140.67 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate 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 business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. As a group, sell-side analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Tigress Financial upped their price objective on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Citigroup upped their target price on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. KeyCorp upped their target price on MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, Truist Financial upped their target price on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $448.74.

MongoDB 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.