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Teachers Retirement System of The State of Kentucky boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 365.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,142 shares of the company’s stock after acquiring an additional 5,609 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in MongoDB were worth $2,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDB. Simplicity Solutions LLC raised its position in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after buying an additional 25 shares during the last quarter. AJ Wealth Strategies LLC raised its position in shares of MongoDB by 1.2% during the second quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock valued at $982,000 after buying an additional 28 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in MongoDB by 1.4% in the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock valued at $920,000 after acquiring an additional 32 shares during the period. Veritable L.P. increased its stake in MongoDB by 1.4% in the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock valued at $954,000 after acquiring an additional 33 shares during the period. Finally, Choreo LLC increased its stake in MongoDB by 3.5% in the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock valued at $427,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Insider Buying and Selling

In other news, CRO Cedric Pech sold 308 shares of the stock in a transaction dated 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 transaction, the executive now directly 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 is available at this link. In other MongoDB news, CRO Cedric Pech sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $326.27, for a total transaction of $100,491.16. Following the transaction, the executive now owns 34,110 shares of the company’s stock, valued at approximately $11,129,069.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 134,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total value of $43,844,800.00. Following the sale, the chief executive officer now owns 218,085 shares in the company, valued at approximately $71,357,412. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,337 shares of company stock worth $106,126,741. 4.80% of the stock is owned by insiders.

Analyst Ratings Changes

MDB has been the topic of a number of analyst reports. Sanford C. Bernstein upped their target price on shares of MongoDB from $424.00 to $471.00 in a research note on Sunday, September 3rd. Capital One Financial raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price for the company in a research note on Wednesday, November 8th. Scotiabank started coverage on shares of MongoDB in a research report on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price objective for the company. Piper Sandler boosted their price objective on shares of MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of MongoDB from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $432.44.

View Our Latest Analysis on MDB

MongoDB Stock Up 0.2 %

Shares of MDB stock opened at $420.17 on Monday. The firm has a fifty day moving average of $377.91 and a 200-day moving average of $378.06. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. MongoDB, Inc. has a 12-month low of $164.59 and a 12-month high of $442.84. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of -159.16 and a beta of 1.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. During the same quarter in the prior year, the firm earned ($1.23) earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts predict that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.

MongoDB Company 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.

Further Reading

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