New York State Common Retirement Fund Sells 11367 Shares of MongoDB, Inc. (NASDAQ:MDB)
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New York State Common Retirement Fund lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 127,650 shares of the company’s stock after selling 11,367 shares during the period. New York State Common Retirement Fund owned approximately 0.18% of MongoDB worth $44,149,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after acquiring an additional 206 shares during the period. MetLife Investment Management LLC bought a new stake in shares of MongoDB during the first quarter valued at approximately $1,823,000. Panagora Asset Management Inc. boosted its stake in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after buying an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after buying an additional 1,439 shares during the period. Institutional investors own 88.89% of the company’s stock.
MongoDB Trading Up 2.1 %
NASDAQ:MDB opened at $409.07 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The business’s 50-day moving average price is $402.81 and its two-hundred day moving average price is $381.39. MongoDB, Inc. has a 1-year low of $189.59 and a 1-year high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($1.23) EPS. As a group, research analysts expect that MongoDB, Inc. will post -1.63 earnings per share for the current year.
Insider Activity
In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s 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 sale, the director now directly owns 1,189,159 shares in the company, valued at approximately $434,399,782.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $365.30, for a total transaction of $730,600.00. Following the completion of the transaction, the director now owns 1,189,159 shares in the company, valued at approximately $434,399,782.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 359 shares of MongoDB stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the sale, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. Insiders have sold 144,277 shares of company stock worth $55,549,581 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
MDB has been the topic of a number of recent research reports. Barclays lifted their price objective on MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Stifel Nicolaus reiterated a “buy” rating and set a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. UBS Group restated a “neutral” rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. DA Davidson restated a “neutral” rating and issued a $405.00 price target on shares of MongoDB in a research report on Friday, January 26th. Finally, TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $429.50.
Check Out Our Latest Stock Analysis on MongoDB
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.
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