B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 16,150 MongoDB, Inc. (NASDAQ:MDB)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,150 shares of the company’s stock, valued at approximately $4,366,000.

Other large investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the second quarter worth $25,000. J.Safra Asset Management Corp grew its holdings in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the last quarter. Quarry LP increased its position in shares of MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares during the period. Hantz Financial Services Inc. bought a new position in shares of MongoDB during the second quarter valued at about $35,000. Finally, GAMMA Investing LLC raised its stake in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 154 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,884 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $20,578,668.75. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,600 shares of company stock valued at $7,034,249 in the last 90 days. Company insiders own 3.60% of the company’s stock.

MongoDB Price Performance

NASDAQ MDB opened at $281.76 on Thursday. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of -93.30 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The business’s fifty day moving average price is $278.01 and its 200-day moving average price is $272.52.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same period in the previous year, the company posted ($0.63) EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on MDB shares. Barclays upped their price target on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Oppenheimer boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Needham & Company LLC raised their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Citigroup increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $336.54.

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.