California Public Employees Retirement System Trims Position in MongoDB, Inc. (NASDAQ:MDB)

California Public Employees Retirement System trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,002 shares of the company’s stock after selling 7,236 shares during the period. California Public Employees Retirement System’s holdings in MongoDB were worth $19,557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank boosted its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. purchased a new position in shares of MongoDB during the 4th quarter worth $35,000. Continuum Advisory LLC grew its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the period. Versant Capital Management Inc increased its stake in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,045 shares of MongoDB stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the sale, the director now owns 85,652 shares in the company, valued at $20,785,170.84. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock valued at $13,461,875 over the last 90 days. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MDB shares. Loop Capital reduced their price target on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Truist Financial reduced their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Barclays reduced their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.84.

MongoDB Stock Performance

NASDAQ MDB opened at $154.39 on Friday. The company has a market cap of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. The business’s 50 day moving average price is $236.68 and its 200-day moving average price is $262.08. MongoDB, Inc. has a fifty-two week low of $151.52 and a fifty-two week high of $387.19.

MongoDB (NASDAQ:MDB) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the prior year, the company posted $0.86 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current 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.