California Public Employees Retirement System Buys 653 Shares of MongoDB, Inc. (NASDAQ:MDB)

California Public Employees Retirement System grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,390 shares of the company’s stock after acquiring an additional 653 shares during the period. California Public Employees Retirement System’s holdings in MongoDB were worth $49,630,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates grew its holdings in shares of MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after acquiring an additional 7,510 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of MongoDB by 298.2% in the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after acquiring an additional 13,972 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of MongoDB by 9.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after acquiring an additional 168 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of MongoDB by 1,196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after acquiring an additional 26,961 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of MongoDB in the 3rd quarter valued at about $902,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MDB shares. KeyCorp decreased their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Guggenheim lifted their price target on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $405.00 to $430.00 in a report on Friday, March 8th. JMP Securities reiterated a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Trading Down 0.9 %

NASDAQ MDB opened at $366.13 on Friday. The firm’s fifty day moving average price is $381.23 and its two-hundred day moving average price is $390.50. MongoDB, Inc. has a fifty-two week low of $215.56 and a fifty-two week high of $509.62. 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 (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, sell-side analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the sale, the director now owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is currently owned by insiders.

About MongoDB

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.