MongoDB, Inc. (NASDAQ:MDB) Stock Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,390 shares of the company’s stock after buying an additional 653 shares during the period. California Public Employees Retirement System owned about 0.17% of MongoDB worth $49,630,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $30,000. AM Squared Ltd acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $35,000. Finally, Castleview Partners LLC acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $37,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,802 shares of company stock worth $35,936,911. Corporate insiders own 4.80% of the company’s stock.

MongoDB Trading Down 0.9 %

Shares of MongoDB stock opened at $366.13 on Friday. The business has a fifty day simple moving average of $381.23 and a 200-day simple moving average of $390.50. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 12 month low of $215.56 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Equities analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MDB shares. Loop Capital started coverage on MongoDB in a research report on Tuesday. They issued a “buy” rating and a $415.00 target price on the stock. Guggenheim raised their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Tigress Financial raised their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. JMP Securities restated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Finally, Truist Financial raised their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

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.