MongoDB, Inc. $MDB Shares Bought by Strs Ohio

Strs Ohio raised its position in MongoDB, Inc. (NASDAQ:MDB) by 784.9% in the 4th quarter, Holdings Channel reports. The fund owned 16,689 shares of the company’s stock after acquiring an additional 14,803 shares during the period. Strs Ohio’s holdings in MongoDB were worth $7,004,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares during the period. Composition Wealth LLC acquired a new stake in shares of MongoDB in the 4th quarter worth $277,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of MongoDB in the 4th quarter worth $15,097,000. Danske Bank A S lifted its stake in shares of MongoDB by 7.1% in the 4th quarter. Danske Bank A S now owns 46,348 shares of the company’s stock worth $19,452,000 after acquiring an additional 3,060 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of MongoDB in the 4th quarter worth $107,100,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 0.5%

NASDAQ:MDB opened at $264.69 on Tuesday. The firm has a 50-day moving average price of $264.86 and a two-hundred day moving average price of $337.75. MongoDB, Inc. has a twelve month low of $169.26 and a twelve month high of $444.72. The company has a market capitalization of $21.27 billion, a P/E ratio of -300.78 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period last year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities research analysts predict that MongoDB, Inc. will post -0.46 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $236.89, for a total transaction of $1,895,120.00. Following the completion of the transaction, the director directly owned 1,005,316 shares in the company, valued at approximately $238,149,307.24. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the transaction, the director owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,566 shares of company stock valued at $3,294,891 over the last 90 days. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDB. Wells Fargo & Company cut their price target on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $340.00 price target (down from $400.00) on shares of MongoDB in a report on Tuesday, March 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $260.00 price target (down from $500.00) on shares of MongoDB in a report on Tuesday, March 3rd. Mizuho upgraded shares of MongoDB from a “neutral” rating to an “outperform” rating and increased their price target for the company from $290.00 to $325.00 in a report on Monday, March 23rd. Finally, Canaccord Genuity Group cut their price target on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $361.97.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.