MongoDB, Inc. (NASDAQ:MDB) Position Decreased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its holdings in MongoDB, Inc. (NASDAQ:MDB) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 65,276 shares of the company’s stock after selling 153 shares during the period. State Board of Administration of Florida Retirement System’s holdings in MongoDB were worth $23,599,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of MongoDB by 85.5% during the second quarter. Lindbrook Capital LLC now owns 115 shares of the company’s stock worth $42,000 after purchasing an additional 53 shares during the period. Tsfg LLC acquired a new stake in MongoDB during the 2nd quarter worth about $44,000. Quadrant Capital Group LLC lifted its stake in MongoDB by 39.4% during the first quarter. Quadrant Capital Group LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 41 shares in the last quarter. Ameritas Investment Company LLC acquired a new position in shares of MongoDB in the first quarter worth about $53,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of MongoDB in the second quarter worth approximately $110,000. 92.94% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:MDB opened at $509.65 on Friday. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $33.73 billion, a PE ratio of -107.75 and a beta of 0.74. MongoDB, Inc. has a 1 year low of $200.50 and a 1 year high of $515.00. The firm has a fifty day moving average price of $391.92 and a 200 day moving average price of $339.65.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, September 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.15. The company had revenue of $198.75 million during the quarter, compared to the consensus estimate of $184.19 million. MongoDB had a negative return on equity of 239.38% and a negative net margin of 41.24%. The firm’s revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -4.72 earnings per share for the current fiscal year.

In other news, Director John Dennis Mcmahon sold 1,000 shares of MongoDB stock in a transaction dated Thursday, June 24th. The stock was sold at an average price of $390.00, for a total value of $390,000.00. Following the transaction, the director now directly owns 14,641 shares in the company, valued at $5,709,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Cedric Pech sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $478.14, for a total value of $4,781,400.00. The disclosure for this sale can be found here. Insiders have sold 184,767 shares of company stock valued at $73,003,370 in the last ninety days. Company insiders own 7.40% of the company’s stock.

Several equities analysts have weighed in on MDB shares. UBS Group lifted their price objective on shares of MongoDB from $300.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, September 3rd. Oppenheimer lifted their price target on MongoDB from $400.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, September 3rd. Barclays increased their price objective on MongoDB from $420.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, September 3rd. Citigroup reaffirmed a “buy” rating and set a $526.00 target price (up previously from $450.00) on shares of MongoDB in a research note on Friday, September 3rd. Finally, Morgan Stanley increased their price target on shares of MongoDB from $410.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, September 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $454.94.

MongoDB Company Profile

MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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