State of New Jersey Common Pension Fund D Sells 14,324 Shares of MongoDB, Inc. (NASDAQ:MDB)

State of New Jersey Common Pension Fund D reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,814 shares of the company’s stock after selling 14,324 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MongoDB were worth $6,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in MongoDB during the 4th quarter worth about $25,000. MFA Wealth Advisors LLC bought a new stake in MongoDB during the 2nd quarter worth about $25,000. YHB Investment Advisors Inc. acquired a new position in shares of MongoDB during the 1st quarter worth about $41,000. Sunbelt Securities Inc. grew its position in shares of MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after buying an additional 76 shares during the period. Finally, J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the period. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Oppenheimer boosted their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Tigress Financial decreased their price objective on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $350.00 price objective on shares of MongoDB in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $337.56.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 138 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director now directly owns 1,146,003 shares in the company, valued at $280,770,735. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,005 shares of company stock worth $8,082,746. Company insiders own 3.60% of the company’s stock.

MongoDB Trading Down 1.7 %

Shares of MongoDB stock opened at $290.09 on Monday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a market cap of $21.28 billion, a P/E ratio of -103.23 and a beta of 1.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $255.85 and its 200-day moving average is $302.21.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter in the prior year, the business posted ($0.63) EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

MongoDB 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.