Illinois Municipal Retirement Fund Purchases Shares of 1,556 MongoDB, Inc. (NASDAQ:MDB)

Illinois Municipal Retirement Fund purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,556 shares of the company’s stock, valued at approximately $636,000.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted 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 worth $24,759,000 after purchasing an additional 7,510 shares during the period. Nordea Investment Management AB raised its position in MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after purchasing an additional 13,972 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in MongoDB by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after purchasing an additional 168 shares in the last quarter. Assenagon Asset Management S.A. raised its position 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 worth $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 worth $902,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the transaction, the director now owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the completion of the transaction, the director now owns 1,168,784 shares of the company’s stock, valued at $511,915,704.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial boosted their price target on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Needham & Company LLC restated a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Thursday, April 25th. UBS Group restated a “neutral” rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Citigroup boosted their target price on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Guggenheim boosted their target price on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Stock Performance

NASDAQ MDB opened at $371.94 on Tuesday. MongoDB, Inc. has a twelve month low of $215.56 and a twelve month 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. The stock has a 50-day moving average of $377.74 and a 200 day moving average of $391.13.

MongoDB (NASDAQ:MDB) last released its quarterly 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 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%. As a group, equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

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.