Bank Julius Baer & Co. Ltd Zurich Has $4.72 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Bank Julius Baer & Co. Ltd Zurich decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 58.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,032 shares of the company’s stock after selling 36,303 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in MongoDB were worth $4,724,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of MongoDB by 106.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,449 shares of the company’s stock worth $2,534,000 after acquiring an additional 7,459 shares during the period. Allianz Asset Management GmbH increased its position in shares of MongoDB by 188.5% during the first quarter. Allianz Asset Management GmbH now owns 75,340 shares of the company’s stock worth $13,215,000 after buying an additional 49,229 shares during the period. IFP Advisors Inc increased its position in shares of MongoDB by 51.0% during the first quarter. IFP Advisors Inc now owns 2,465 shares of the company’s stock worth $432,000 after buying an additional 833 shares during the period. Morse Asset Management Inc boosted its stake in MongoDB by 44.1% during the first quarter. Morse Asset Management Inc now owns 1,127 shares of the company’s stock worth $198,000 after acquiring an additional 345 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in MongoDB by 101.1% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 87,500 shares of the company’s stock worth $15,348,000 after acquiring an additional 44,000 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MDB. Bank of America raised their price target on shares of MongoDB from $215.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Citigroup dropped their target price on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Guggenheim raised their price target on MongoDB from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $270.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $281.35.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,746 shares of company stock valued at $7,500,196 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 1.8%

MDB stock opened at $228.25 on Thursday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of -200.22 and a beta of 1.41. The firm’s fifty day simple moving average is $204.58 and its two-hundred day simple moving average is $212.84.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

About MongoDB

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.