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State Board of Administration of Florida Retirement System Purchases 1,109 Shares of …

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Posted on mongodb google news. Visit mongodb google news

State Board of Administration of Florida Retirement System grew its position in shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) by 1.6% in the 1st quarter, Holdings Channel reports. The firm owned 72,363 shares of the company’s stock after acquiring an additional 1,109 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in MongoDB were worth $32,100,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter valued at $277,934,000. TD Asset Management Inc. increased its stake in shares of MongoDB by 153.9% in the 4th quarter. TD Asset Management Inc. now owns 525,000 shares of the company’s stock valued at $277,909,000 after acquiring an additional 318,259 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MongoDB by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock valued at $456,904,000 after acquiring an additional 56,940 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of MongoDB by 1,488.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 47,646 shares of the company’s stock valued at $25,221,000 after acquiring an additional 44,646 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of MongoDB in the 4th quarter valued at $23,609,000. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the transaction, the director now directly owns 544,896 shares of the company’s stock, valued at approximately $137,172,119.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $251.74, for a total value of $755,220.00. Following the sale, the director now directly owns 544,896 shares in the company, valued at approximately $137,172,119.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 14,090 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $312.06, for a total value of $4,396,925.40. Following the completion of the sale, the director now owns 1,322,954 shares in the company, valued at $412,841,025.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,795 shares of company stock valued at $12,357,981. 5.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDB. Canaccord Genuity Group lowered their price objective on shares of MongoDB from $400.00 to $300.00 in a research note on Thursday, June 2nd. Needham & Company LLC lifted their price objective on shares of MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, June 10th. Citigroup lifted their price target on shares of MongoDB from $405.00 to $425.00 in a research report on Thursday, June 2nd. UBS Group lifted their price target on shares of MongoDB from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Finally, Piper Sandler reduced their price target on shares of MongoDB from $430.00 to $375.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.17.

MongoDB Stock Up 0.5 %

Shares of NASDAQ:MDB opened at $340.88 on Friday. The company’s 50-day moving average is $283.61 and its 200 day moving average is $336.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. MongoDB, Inc. has a fifty-two week low of $213.39 and a fifty-two week high of $590.00.

MongoDB (NASDAQ:MDBGet Rating) last issued its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. The company had revenue of $285.45 million for the quarter, compared to the consensus estimate of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.98) EPS. Equities analysts forecast that MongoDB, Inc. will post -5.08 EPS for the current fiscal year.

MongoDB Company Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBGet Rating).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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