MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,344 shares of the company’s stock after acquiring an additional 1,681 shares during the period. Public Employees Retirement System of Ohio’s holdings in MongoDB were worth $8,744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after acquiring an additional 40 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings 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 buying an additional 42 shares during the period. Tanager Wealth Management LLP raised its holdings in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after buying an additional 43 shares during the period. Fifth Third Bancorp lifted its position in MongoDB by 7.6% in the second quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock valued at $155,000 after buying an additional 44 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in MongoDB by 16.5% during the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MDB. Scotiabank upped their price objective on shares of MongoDB from $295.00 to $350.00 and gave the stock a “sector perform” rating in a report on Tuesday. Loop Capital raised their price target on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley boosted their price objective on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird raised their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.08.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares in the company, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock valued at $7,611,849 in the last ninety days. Insiders own 3.60% of the company’s stock.

MongoDB Trading Down 2.9 %

MDB opened at $288.61 on Friday. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of -95.57 and a beta of 1.17. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The business’s 50 day moving average is $293.13 and its two-hundred day moving average is $269.12. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. On average, research analysts predict that MongoDB, Inc. will post -2.37 EPS for the current year.

MongoDB Company 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.