4,887 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Kentucky Retirement Systems

Kentucky Retirement Systems purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 4,887 shares of the company’s stock, valued at approximately $857,000.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of MongoDB during the 4th quarter worth approximately $189,584,000. Marshall Wace LLP acquired a new position in shares of MongoDB during the 4th quarter worth approximately $110,356,000. Raymond James Financial Inc. acquired a new position in MongoDB during the fourth quarter worth $90,478,000. D1 Capital Partners L.P. acquired a new position in MongoDB during the fourth quarter worth $76,129,000. Finally, Amundi boosted its stake in MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director now directly owns 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,382 shares of company stock valued at $10,403,807 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Down 1.2%

MongoDB stock opened at $206.76 on Thursday. The firm has a market cap of $16.89 billion, a PE ratio of -181.37 and a beta of 1.39. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The company’s 50 day moving average is $188.81 and its two-hundred day moving average is $219.23.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MDB. Monness Crespi & Hardt raised MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price objective on the stock in a research note on Thursday, June 5th. Needham & Company LLC reissued a “buy” rating and set a $270.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Morgan Stanley decreased their target price on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Loop Capital lowered shares of MongoDB from a “buy” rating to a “hold” rating and decreased their target price for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Macquarie reiterated a “neutral” rating and issued a $230.00 target price (up from $215.00) on shares of MongoDB in a report on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.47.

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.