MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,400 shares of the company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in MongoDB were worth $1,257,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MDB. Creative Planning boosted its stake in shares of MongoDB by 16.2% during the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock worth $4,709,000 after acquiring an additional 2,427 shares in the last quarter. Bleakley Financial Group LLC raised its position in MongoDB by 10.5% during the third quarter. Bleakley Financial Group LLC now owns 939 shares of the company’s stock valued at $254,000 after buying an additional 89 shares during the period. Blue Trust Inc. increased its holdings in shares of MongoDB by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 927 shares of the company’s stock valued at $232,000 after purchasing an additional 389 shares during the period. Prio Wealth Limited Partnership acquired a new position in MongoDB in the 3rd quarter valued at approximately $203,000. Finally, Whittier Trust Co. increased its stake in shares of MongoDB by 3.9% in the third quarter. Whittier Trust Co. now owns 30,933 shares of the company’s stock worth $8,362,000 after acquiring an additional 1,169 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Morgan Stanley raised their price target on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group upped their price target on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Oppenheimer increased their target price on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price target on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $361.00.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 2,581 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $50,866,352.46. This represents a 1.17 % 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 169 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,094 shares of company stock valued at $11,705,293. 3.60% of the stock is owned by insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $289.63 on Monday. The business’s 50 day simple moving average is $262.66 and its two-hundred day simple moving average is $272.16. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $488.00. The firm has a market cap of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during 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 firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.