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State of New Jersey Common Pension Fund D Decreases Stake in MongoDB, Inc. (NASDAQ:MDB)

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Posted on mongodb google news. Visit mongodb google news

State of New Jersey Common Pension Fund D reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 3.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 40,349 shares of the company’s stock after selling 1,493 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of MongoDB worth $13,955,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Choreo LLC lifted its holdings in shares of MongoDB by 3.5% during the 3rd quarter. Choreo LLC now owns 1,076 shares of the company’s stock worth $372,000 after acquiring an additional 36 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of MongoDB during the 3rd quarter worth $4,227,000. Huntington National Bank lifted its stake in MongoDB by 279.3% in the third quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after purchasing an additional 81 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in MongoDB by 21.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 89,863 shares of the company’s stock worth $31,080,000 after purchasing an additional 15,657 shares during the last quarter. Finally, Pathstone Family Office LLC lifted its stake in MongoDB by 389.2% in the third quarter. Pathstone Family Office LLC now owns 4,447 shares of the company’s stock worth $1,557,000 after purchasing an additional 3,538 shares during the last quarter. 88.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDB has been the subject of several recent research reports. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. JMP Securities reissued a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. DA Davidson reissued a “neutral” rating and issued a $405.00 price target on shares of MongoDB in a research note on Friday, January 26th. UBS Group restated a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $429.50.

View Our Latest Stock Analysis on MongoDB

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the transaction, the executive now owns 25,425 shares in the company, valued at $10,170,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CRO Cedric Pech sold 1,248 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00. Following the transaction, the executive now owns 25,425 shares in the company, valued at $10,170,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following 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. Over the last 90 days, insiders have sold 81,777 shares of company stock worth $33,554,031. Corporate insiders own 4.80% of the company’s stock.

MongoDB Trading Up 5.4 %

NASDAQ:MDB opened at $500.90 on Friday. MongoDB, Inc. has a one year low of $189.59 and a one year high of $507.25. 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 company’s 50-day simple moving average is $408.06 and its 200 day simple moving average is $382.88.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.51 by $0.45. The business 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%. MongoDB’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.23) earnings per share. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

About MongoDB

(Free Report)

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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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

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