California Public Employees Retirement System Has $41.76 Million Holdings in MongoDB …
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California Public Employees Retirement System boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 26.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,737 shares of the company’s stock after purchasing an additional 25,005 shares during the period. California Public Employees Retirement System owned 0.17% of MongoDB worth $41,758,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MDB. Simplicity Solutions LLC lifted its position in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock worth $480,000 after purchasing an additional 25 shares in the last quarter. AJ Wealth Strategies LLC lifted its holdings in MongoDB by 1.2% during the 2nd quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock worth $982,000 after buying an additional 28 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in MongoDB by 1.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after buying an additional 32 shares in the last quarter. Veritable L.P. boosted its position in MongoDB by 1.4% in the 2nd quarter. Veritable L.P. now owns 2,321 shares of the company’s stock valued at $954,000 after buying an additional 33 shares during the last quarter. Finally, Choreo LLC raised its position in shares of MongoDB by 3.5% during the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock worth $427,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on MDB. Scotiabank assumed coverage on MongoDB in a report on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price target on the stock. Capital One Financial raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price on the stock in a research note on Wednesday, November 8th. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. Finally, Truist Financial reaffirmed a “buy” rating and set a $430.00 target price on shares of MongoDB in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.41.
Get Our Latest Stock Analysis on MDB
Insiders Place Their Bets
In other news, CRO Cedric Pech sold 1,248 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the transaction, the executive now owns 25,425 shares in the company, valued at approximately $10,170,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now owns 25,425 shares in the company, valued at approximately $10,170,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $332.23, for a total transaction of $1,328,920.00. Following the completion of the transaction, the director now directly owns 1,191,159 shares of the company’s stock, valued at $395,738,754.57. The disclosure for this sale can be found here. Insiders have sold 148,277 shares of company stock valued at $56,803,711 in the last three months. 4.80% of the stock is currently owned by corporate insiders.
MongoDB Stock Down 0.6 %
NASDAQ:MDB opened at $411.06 on Wednesday. The company has a market cap of $29.67 billion, a PE ratio of -155.70 and a beta of 1.23. The stock has a 50-day simple moving average of $401.74 and a 200 day simple moving average of $380.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. MongoDB, Inc. has a 52-week low of $179.52 and a 52-week high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company earned ($1.23) earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
Further Reading
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