Public Employees Retirement System of Ohio Lowers Position in MongoDB, Inc. (NASDAQ:MDB)
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Public Employees Retirement System of Ohio reduced its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,767 shares of the company’s stock after selling 2,965 shares during the period. Public Employees Retirement System of Ohio owned about 0.08% of MongoDB worth $21,017,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of MDB. Wesbanco Bank Inc. acquired a new position in shares of MongoDB during the 3rd quarter valued at about $202,000. Raleigh Capital Management Inc. increased its holdings in shares of MongoDB by 156.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock valued at $50,000 after acquiring an additional 89 shares during the last quarter. Alamar Capital Management LLC increased its holdings in shares of MongoDB by 9.4% during the 3rd quarter. Alamar Capital Management LLC now owns 9,903 shares of the company’s stock valued at $3,425,000 after acquiring an additional 847 shares during the last quarter. Polar Capital Holdings Plc increased its holdings in shares of MongoDB by 18.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 248,259 shares of the company’s stock valued at $85,863,000 after acquiring an additional 38,747 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of MongoDB during the 3rd quarter valued at about $2,453,000. 88.89% of the stock is owned by institutional investors and hedge funds.
MongoDB Price Performance
MDB traded down $13.50 during trading on Friday, hitting $355.44. The company’s stock had a trading volume of 1,822,320 shares, compared to its average volume of 1,490,097. The firm’s 50 day moving average price is $421.71 and its two-hundred day moving average price is $391.73. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of -143.32 and a beta of 1.24. MongoDB, Inc. has a 12 month low of $198.72 and a 12 month high of $509.62. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.
Analysts Set New Price Targets
MDB has been the topic of a number of research analyst reports. Truist Financial raised their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $495.00 target price on shares of MongoDB in a report on Wednesday, January 17th. DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and raised their target price for the company from $405.00 to $430.00 in a report on Friday, March 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Finally, Piper Sandler raised their price objective on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.19.
Check Out Our Latest Stock Report on MongoDB
Insider Activity
In other news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the sale, the chief financial officer now directly owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the sale, the chief financial officer now directly owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 359 shares of MongoDB stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,607 shares of company stock valued at $23,116,062. Company insiders own 4.80% of the company’s stock.
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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