State of New Jersey Common Pension Fund D Decreases Holdings in MongoDB, Inc. (NASDAQ:MDB)

State of New Jersey Common Pension Fund D lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,585 shares of the company’s stock after selling 75 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MongoDB were worth $6,422,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. MN Wealth Advisors LLC boosted its position in MongoDB by 59.7% during the fourth quarter. MN Wealth Advisors LLC now owns 4,113 shares of the company’s stock worth $958,000 after purchasing an additional 1,537 shares during the period. Principal Securities Inc. boosted its position in shares of MongoDB by 41.4% in the fourth quarter. Principal Securities Inc. now owns 731 shares of the company’s stock valued at $170,000 after acquiring an additional 214 shares during the period. Peregrine Investment Management Inc. bought a new position in shares of MongoDB in the fourth quarter valued at approximately $3,767,000. Manchester Capital Management LLC boosted its position in shares of MongoDB by 57.4% in the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock valued at $89,000 after acquiring an additional 140 shares during the period. Finally, Empire Life Investments Inc. boosted its position in shares of MongoDB by 12.5% in the fourth quarter. Empire Life Investments Inc. now owns 29,535 shares of the company’s stock valued at $6,876,000 after acquiring an additional 3,277 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $267.85, for a total value of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $21,510,229.95. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the transaction, the director now directly owns 1,112,006 shares of the company’s stock, valued at approximately $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,094 shares of company stock valued at $11,705,293. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Up 3.1 %

NASDAQ MDB opened at $298.69 on Wednesday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $459.78. The firm has a market capitalization of $22.24 billion, a P/E ratio of -109.01 and a beta of 1.28. The company has a 50-day moving average price of $261.45 and a 200-day moving average price of $272.51.

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

Analyst Ratings Changes

MDB has been the subject of a number of analyst reports. Macquarie assumed coverage on shares of MongoDB in a research report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price objective for the company. DA Davidson lifted their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird lifted their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Tigress Financial lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.