New York State Common Retirement Fund Sells 14,213 Shares of MongoDB, Inc. (NASDAQ:MDB)

New York State Common Retirement Fund lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 12.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,460 shares of the company’s stock after selling 14,213 shares during the quarter. New York State Common Retirement Fund owned 0.13% of MongoDB worth $26,078,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB in the second quarter worth $25,000. J.Safra Asset Management Corp grew its position in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP increased its holdings in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of MongoDB during the second quarter valued at about $35,000. Finally, GAMMA Investing LLC lifted its stake in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the period. 89.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MDB shares. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Friday, August 30th. Scotiabank upped their target price on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Tigress Financial dropped their price objective on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Finally, Morgan Stanley lifted their target price on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $337.96.

Insider Activity

In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now directly owns 1,138,006 shares in the company, valued at $330,476,942.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Friday, August 30th. The shares were sold at an average price of $290.40, for a total transaction of $290,400.00. Following the completion of the sale, the director now owns 1,138,006 shares of the company’s stock, valued at approximately $330,476,942.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 302 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,281 shares of company stock valued at $5,848,411 over the last 90 days. 3.60% of the stock is owned by company insiders.

MongoDB Trading Up 0.5 %

MDB opened at $271.85 on Monday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock has a market capitalization of $20.08 billion, a PE ratio of -90.02 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $274.71 and a two-hundred day moving average price of $278.78.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the business posted ($0.63) earnings per share. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.39 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.