California State Teachers Retirement System Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)

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California State Teachers Retirement System Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)

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California State Teachers Retirement System lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 111,385 shares of the company’s stock after selling 487 shares during the quarter. California State Teachers Retirement System’s holdings in MongoDB were worth $45,778,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MDB. GPS Wealth Strategies Group LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $26,000. KB Financial Partners LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $27,000. Capital Advisors Ltd. LLC increased its holdings in shares of MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after acquiring an additional 38 shares during the period. Bessemer Group Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at $29,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of MongoDB by 176.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDB. Royal Bank of Canada lifted their target price on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Argus boosted their price objective on shares of MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Oppenheimer boosted their price objective on shares of MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Canaccord Genuity Group boosted their price objective on shares of MongoDB from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Finally, Piper Sandler boosted their price objective on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $432.44.

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Insider Buying and Selling at MongoDB

In other news, CFO Michael Lawrence Gordon sold 21,496 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the transaction, the chief financial officer now directly owns 89,027 shares in the company, valued at approximately $36,529,558.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $365.30, for a total transaction of $730,600.00. Following the completion of the sale, the director now owns 1,189,159 shares of the company’s stock, valued at approximately $434,399,782.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 21,496 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at approximately $36,529,558.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,337 shares of company stock worth $106,126,741. Corporate insiders own 4.80% of the company’s stock.

MongoDB Price Performance

NASDAQ:MDB opened at $420.17 on Friday. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of -159.16 and a beta of 1.19. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average is $377.91 and its two-hundred day moving average is $376.88. MongoDB, Inc. has a 12-month low of $164.59 and a 12-month high of $442.84.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results 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 analyst estimates 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 quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.23) EPS. Research analysts expect that MongoDB, Inc. will post -1.64 EPS for the current year.

About MongoDB

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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.

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