MongoDB, Inc. (NASDAQ:MDB) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,960 shares of the company’s stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund’s holdings in MongoDB were worth $21,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC purchased a new position in MongoDB in the 4th quarter valued at about $606,000. Aigen Investment Management LP purchased a new position in shares of MongoDB in the third quarter valued at approximately $1,045,000. Geode Capital Management LLC boosted its stake in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of MongoDB during the third quarter worth approximately $4,366,000. Finally, Charles Schwab Investment Management Inc. raised its stake in MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the completion of the transaction, the director now directly owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,979 shares of company stock valued at $11,963,757 in the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Trading Down 5.8 %

Shares of NASDAQ MDB opened at $273.26 on Friday. The stock has a fifty day simple moving average of $261.59 and a 200-day simple moving average of $273.25. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $459.70. The stock has a market capitalization of $20.35 billion, a PE ratio of -99.73 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on MDB. China Renaissance assumed coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Loop Capital increased their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.