Leonteq Securities AG Acquires Shares of 1,870 MongoDB, Inc. $MDB

Leonteq Securities AG acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,870 shares of the company’s stock, valued at approximately $785,000.

Several other large investors have also bought and sold shares of MDB. Cornerstone Planning Group LLC lifted its stake in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in MongoDB during the 4th quarter valued at $28,000. Huntington National Bank lifted its stake in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in MongoDB during the 4th quarter valued at $33,000. Finally, Hollencrest Capital Management bought a new position in MongoDB during the 3rd quarter valued at $37,000. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 31,566 shares of company stock valued at $8,744,791. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MDB. Rosenblatt Securities restated a “buy” rating and set a $425.00 price objective on shares of MongoDB in a research note on Monday, March 2nd. Scotiabank raised MongoDB from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $275.00 to $310.00 in a research report on Thursday, March 5th. Piper Sandler decreased their target price on MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Bank of America raised their target price on MongoDB from $350.00 to $375.00 in a research report on Tuesday. Finally, Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.37.

MongoDB Price Performance

Shares of MongoDB stock opened at $326.13 on Friday. MongoDB, Inc. has a 1 year low of $182.43 and a 1 year high of $444.72. The firm has a market cap of $26.21 billion, a PE ratio of -370.60 and a beta of 1.48. The stock has a fifty day moving average price of $268.23 and a 200-day moving average price of $335.16.

MongoDB (NASDAQ:MDB) last announced its 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 firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same period last year, the firm posted $1.28 EPS. The business’s revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

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.