MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,599 shares of the company’s stock after selling 155 shares during the period. Public Employees Retirement Association of Colorado’s holdings in MongoDB were worth $1,899,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new stake in MongoDB during the fourth quarter worth approximately $25,000. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter valued at $25,000. YHB Investment Advisors Inc. acquired a new position in MongoDB in the first quarter valued at $41,000. Sunbelt Securities Inc. grew its holdings in shares of MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MDB. Tigress Financial decreased their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Stifel Nicolaus raised their target price on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Finally, UBS Group lifted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $337.56.

MongoDB Stock Performance

NASDAQ MDB opened at $279.48 on Tuesday. The business has a 50 day moving average price of $259.60 and a 200 day moving average price of $296.21. The company has a market capitalization of $20.50 billion, a P/E ratio of -99.46 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

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

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 138 shares of the business’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 completion of the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the transaction, the chief financial officer now directly owns 81,942 shares of the company’s stock, valued at approximately $20,668,230.66. The disclosure for this sale can be found here. Insiders sold a total of 22,005 shares of company stock valued at $5,802,746 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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.