National Pension Service Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)

National Pension Service decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,005 shares of the company’s stock after selling 1,810 shares during the quarter. National Pension Service’s holdings in MongoDB were worth $35,417,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after buying an additional 37 shares during the last quarter. Atria Investments Inc grew its position in shares of MongoDB by 1.2% during the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after acquiring an additional 39 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after acquiring an additional 40 shares during the period. Taylor Frigon Capital Management LLC raised its position in MongoDB by 0.4% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock valued at $2,475,000 after purchasing an additional 42 shares during the last quarter. Finally, Tanager Wealth Management LLP boosted its stake in MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the sale, the director now owns 1,127,006 shares of the company’s stock, valued at $303,807,007.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares in the company, valued at $4,589,041.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $269.57, for a total value of $808,710.00. Following the completion of the transaction, the director now owns 1,127,006 shares of the company’s stock, valued at $303,807,007.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,281 shares of company stock valued at $6,657,121. Corporate insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $280.98 on Thursday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $276.77 and its 200 day simple moving average is $277.95. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $20.76 billion, a PE ratio of -93.04 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the business earned ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Oppenheimer upped their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Truist Financial increased their price objective on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Piper Sandler lifted their target price on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Sanford C. Bernstein upped their price target on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, UBS Group lifted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $337.96.

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.