New York State Common Retirement Fund Sells 2,500 Shares of MongoDB, Inc. (NASDAQ:MDB)

New York State Common Retirement Fund reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,960 shares of the company’s stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of MongoDB worth $21,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MDB. Kornitzer Capital Management Inc. KS purchased a new position in shares of MongoDB during the fourth quarter valued at $285,000. Venturi Wealth Management LLC grew its holdings in MongoDB by 20.6% during the 4th quarter. Venturi Wealth Management LLC now owns 755 shares of the company’s stock worth $176,000 after acquiring an additional 129 shares in the last quarter. CIBC Asset Management Inc increased its position in MongoDB by 239.6% during the 4th quarter. CIBC Asset Management Inc now owns 49,973 shares of the company’s stock valued at $11,634,000 after purchasing an additional 35,256 shares during the period. MN Wealth Advisors LLC raised its holdings in shares of MongoDB by 59.7% in the 4th quarter. MN Wealth Advisors LLC now owns 4,113 shares of the company’s stock valued at $958,000 after purchasing an additional 1,537 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of MongoDB by 41.4% in the 4th quarter. Principal Securities Inc. now owns 731 shares of the company’s stock worth $170,000 after purchasing an additional 214 shares during the period. 89.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDB. Barclays cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Monness Crespi & Hardt downgraded MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Monday, December 16th. Macquarie started coverage on MongoDB in a research note on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. Truist Financial reaffirmed a “buy” rating and set a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group boosted their target price on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

Insider Buying and Selling at MongoDB

In related news, insider Cedric Pech sold 287 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,979 shares of company stock valued at $11,963,757. 3.60% of the stock is owned by insiders.

MongoDB Stock Down 5.8 %

Shares of NASDAQ MDB opened at $273.26 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $459.70. The business’s 50 day moving average price is $261.59 and its 200 day moving average price is $273.25. The firm has a market cap of $20.35 billion, a P/E ratio of -99.73 and a beta of 1.28.

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

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.