Bank Julius Baer & Co. Ltd Zurich Sells 2,841 Shares of MongoDB, Inc. $MDB

Bank Julius Baer & Co. Ltd Zurich lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,682 shares of the company’s stock after selling 2,841 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in MongoDB were worth $10,812,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MDB. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in MongoDB in the fourth quarter worth $28,000. Huntington National Bank increased its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of MongoDB during the fourth quarter worth $33,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MDB. Royal Bank Of Canada dropped their target price on MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Cantor Fitzgerald cut their price objective on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. UBS Group dropped their target price on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Finally, Canaccord Genuity Group cut their price target on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $363.58.

MongoDB Trading Up 0.0%

Shares of MDB stock opened at $303.09 on Friday. MongoDB, Inc. has a twelve month low of $182.43 and a twelve month high of $444.72. The stock has a market cap of $24.36 billion, a P/E ratio of -344.42 and a beta of 1.48. The stock has a 50 day moving average of $261.14 and a 200 day moving average of $335.93.

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

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $290.06, for a total transaction of $580,120.00. Following the sale, the director owned 1,003,316 shares in the company, valued at approximately $291,021,838.96. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,566 shares of company stock worth $3,875,011 over the last three months. 3.10% of the stock is currently owned by insiders.

MongoDB 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.