Louisiana State Employees Retirement System Purchases Shares of 5,700 MongoDB, Inc. (NASDAQ:MDB)

Louisiana State Employees Retirement System purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,700 shares of the company’s stock, valued at approximately $2,330,000.

Several other large investors have also recently made changes to their positions in the stock. KB Financial Partners LLC purchased a new position in shares of MongoDB during the second quarter worth $27,000. Bessemer Group Inc. purchased a new stake in MongoDB during the fourth quarter worth about $29,000. BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the third quarter worth about $30,000. Blue Trust Inc. boosted its stake in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of MongoDB in the third quarter valued at approximately $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of MongoDB stock opened at $349.80 on Wednesday. MongoDB, Inc. has a 12-month low of $212.52 and a 12-month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average is $401.23 and its 200-day moving average is $390.75.

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

Analysts Set New Price Targets

Several equities analysts have commented on MDB shares. Citigroup raised their price target on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and upped their target price for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. KeyCorp lifted their price target on shares of MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. UBS Group reiterated a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $448.74.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 is accessible through this hyperlink. In other news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is currently owned by corporate insiders.

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.