Teachers Retirement System of The State of Kentucky Buys New Position in MongoDB, Inc. (NASDAQ:MDB)

Teachers Retirement System of The State of Kentucky bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 21,600 shares of the company’s stock, valued at approximately $5,840,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP bought a new stake in shares of MongoDB during the 3rd quarter worth $1,045,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MongoDB during the third quarter worth about $4,366,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter valued at about $1,860,000. Finally, Sycomore Asset Management raised its holdings in shares of MongoDB by 86.4% during the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after buying an additional 24,827 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 2.9 %

Shares of MongoDB stock opened at $288.61 on Friday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a 50-day moving average of $293.13 and a 200 day moving average of $269.12.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Equities research analysts forecast that MongoDB, Inc. will post -2.29 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 154 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $768,750.00. Following the completion of the sale, the director now directly owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $7,611,849 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MDB has been the topic of a number of recent research reports. UBS Group increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Canaccord Genuity Group lifted their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday. JMP Securities restated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday. Finally, DA Davidson increased their target price on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $370.08.

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.