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Teacher Retirement System of Texas increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,469 shares of the company’s stock after buying an additional 173 shares during the period. Teacher Retirement System of Texas’ holdings in MongoDB were worth $1,892,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in MDB. Jennison Associates LLC increased its stake in shares of MongoDB by 101,056.3% during the second quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after purchasing an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at approximately $147,735,000. T. Rowe Price Investment Management Inc. increased its stake in shares of MongoDB by 77.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after purchasing an additional 248,133 shares in the last quarter. Finally, Dorsal Capital Management LLC grew its holdings in shares of MongoDB by 100.0% during the fourth quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock valued at $78,736,000 after buying an additional 200,000 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on MDB shares. JMP Securities reiterated a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a report on Monday. Piper Sandler increased their price target on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Wells Fargo & Company started coverage on shares of MongoDB in a report on Thursday, November 16th. They set an “overweight” rating and a $500.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $495.00 price target on shares of MongoDB in a report on Wednesday, January 17th. Finally, UBS Group reiterated a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $430.41.
View Our Latest Stock Analysis on MDB
Insider Buying and Selling
In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the sale, the director now directly owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the sale, the director now directly owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the executive now owns 25,425 shares in the company, valued at $10,170,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,277 shares of company stock worth $57,223,711. Corporate insiders own 4.80% of the company’s stock.
MongoDB Price Performance
NASDAQ:MDB opened at $410.11 on Thursday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $29.60 billion, a P/E ratio of -155.34 and a beta of 1.23. MongoDB, Inc. has a 12 month low of $179.52 and a 12 month high of $442.84. The business’s 50-day moving average is $402.09 and its 200 day moving average is $380.88.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 20.64% and a negative net margin of 11.70%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned ($1.23) earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.
MongoDB Company 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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