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State of Wisconsin Investment Board grew its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,472 shares of the company’s stock after purchasing an additional 52 shares during the period. State of Wisconsin Investment Board owned approximately 0.05% of MongoDB worth $14,990,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC purchased a new stake in MongoDB during the second quarter valued at $26,000. Capital Advisors Ltd. LLC lifted its holdings in shares of MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after acquiring an additional 38 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of MongoDB by 346.7% in the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in MongoDB in the second quarter worth about $56,000. Finally, Pacer Advisors Inc. increased its stake in MongoDB by 174.5% during the second quarter. Pacer Advisors Inc. now owns 140 shares of the company’s stock worth $58,000 after acquiring an additional 89 shares during the last quarter. 88.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 308 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $326.27, for a total transaction of $100,491.16. Following the sale, the executive now owns 34,110 shares in the company, valued at approximately $11,129,069.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 308 shares of MongoDB stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total transaction of $100,491.16. Following the completion of the sale, the executive now directly owns 34,110 shares in the company, valued at approximately $11,129,069.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Lawrence Gordon sold 7,577 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the completion of the sale, the chief financial officer now owns 89,027 shares in the company, valued at approximately $36,503,740.81. The disclosure for this sale can be found here. Insiders sold 305,511 shares of company stock worth $108,766,329 in the last 90 days. Insiders own 4.80% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $381.79 on Monday. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of -144.62 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.48 and a current ratio of 4.48. The stock’s 50-day simple moving average is $371.27 and its 200-day simple moving average is $373.82. MongoDB, Inc. has a fifty-two week low of $164.59 and a fifty-two week high of $442.84.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 21.68%. MongoDB’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.23) EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MDB. Sanford C. Bernstein lifted their target price on MongoDB from $424.00 to $471.00 in a report on Sunday, September 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $450.00 target price on shares of MongoDB in a research note on Monday, December 4th. Wells Fargo & Company assumed coverage on shares of MongoDB in a research note on Thursday, November 16th. They set an “overweight” rating and a $500.00 price target for the company. Morgan Stanley increased their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. Finally, Truist Financial restated a “buy” rating and set a $430.00 target price on shares of MongoDB in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.44.

View Our Latest Analysis on MDB

MongoDB Profile

(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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