J. Safra Sarasin Holding AG Buys Shares of 2,470 MongoDB, Inc. $MDB

J. Safra Sarasin Holding AG purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,470 shares of the company’s stock, valued at approximately $1,037,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC increased its position in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new position in MongoDB in the 2nd quarter valued at approximately $329,000. Prudential Financial Inc. raised its stake in shares of MongoDB by 114.8% during the second quarter. Prudential Financial Inc. now owns 5,826 shares of the company’s stock valued at $1,223,000 after acquiring an additional 3,114 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of MongoDB by 251.4% during the second quarter. Advisors Asset Management Inc. now owns 1,279 shares of the company’s stock valued at $269,000 after acquiring an additional 915 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total transaction of $4,077,000.00. Following the sale, the director owned 1,031,316 shares in the company, valued at $420,467,533.20. This represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 19,383 shares of company stock valued at $7,910,983. 3.10% of the stock is owned by insiders.

MongoDB Stock Up 1.9%

Shares of NASDAQ MDB opened at $249.36 on Thursday. The company has a market capitalization of $20.04 billion, a PE ratio of -283.36 and a beta of 1.40. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72. The firm has a fifty day simple moving average of $314.65 and a 200 day simple moving average of $347.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent research reports. Zacks Research lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Guggenheim reaffirmed a “buy” rating and set a $475.00 target price on shares of MongoDB in a research report on Tuesday, March 3rd. Stifel Nicolaus cut their target price on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Piper Sandler reduced their price target on MongoDB from $490.00 to $330.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald decreased their price target on MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Twenty-seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $360.03.

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.