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Illinois Municipal Retirement Fund purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,556 shares of the company’s stock, valued at approximately $636,000.
A number of other hedge funds also recently made changes to their positions in MDB. Oak Thistle LLC acquired a new position in shares of MongoDB during the third quarter valued at approximately $259,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of MongoDB by 1.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,100 shares of the company’s stock valued at $5,222,000 after acquiring an additional 200 shares during the period. Accurate Wealth Management LLC acquired a new position in shares of MongoDB during the third quarter valued at approximately $251,000. Robeco Institutional Asset Management B.V. increased its stake in shares of MongoDB by 2,134.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 33,332 shares of the company’s stock valued at $11,528,000 after acquiring an additional 31,840 shares during the period. Finally, Xponance Inc. grew its position in MongoDB by 2.0% in the third quarter. Xponance Inc. now owns 9,405 shares of the company’s stock worth $3,253,000 after buying an additional 187 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.
Insider Activity at MongoDB
In related news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the completion of the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the transaction, the chief executive officer now owns 198,166 shares in the company, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.
MongoDB Trading Down 3.1 %
Shares of NASDAQ:MDB opened at $371.94 on Tuesday. The firm has a fifty day moving average of $377.74 and a two-hundred day moving average of $391.13. MongoDB, Inc. has a 12-month low of $215.56 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Equities analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have issued reports on MDB. JMP Securities restated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. UBS Group restated a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Tigress Financial lifted their price target on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, Loop Capital began coverage on shares of MongoDB in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.
View Our Latest Stock Report on MDB
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.
Further Reading
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