State of New Jersey Common Pension Fund D Buys 789 Shares of MongoDB, Inc. (NASDAQ:MDB)

State of New Jersey Common Pension Fund D raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,138 shares of the company’s stock after acquiring an additional 789 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MongoDB were worth $16,819,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. HB Wealth Management LLC grew its holdings in shares of MongoDB by 10.3% during the third quarter. HB Wealth Management LLC now owns 640 shares of the company’s stock worth $221,000 after purchasing an additional 60 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in MongoDB by 74.7% in the third quarter. Exchange Traded Concepts LLC now owns 3,370 shares of the company’s stock valued at $1,166,000 after acquiring an additional 1,441 shares during the last quarter. Oak Thistle LLC bought a new position in MongoDB in the third quarter valued at about $259,000. Handelsbanken Fonder AB boosted its holdings in MongoDB by 1.0% in the third quarter. Handelsbanken Fonder AB now owns 33,735 shares of the company’s stock valued at $11,668,000 after acquiring an additional 346 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in MongoDB by 1.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,100 shares of the company’s stock valued at $5,222,000 after acquiring an additional 200 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 0.9 %

NASDAQ MDB traded down $3.16 on Thursday, hitting $366.13. The company’s stock had a trading volume of 1,129,887 shares, compared to its average volume of 1,381,501. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 1-year low of $215.56 and a 1-year high of $509.62. The company’s 50-day moving average is $383.39 and its 200 day moving average is $390.67. The firm has a market cap of $26.67 billion, a PE ratio of -148.91 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other MongoDB news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp cut their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Guggenheim increased their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. UBS Group reaffirmed a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 price target on shares of MongoDB in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $443.86.

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.