New York State Common Retirement Fund Has $47.59 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

New York State Common Retirement Fund cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,406 shares of the company’s stock after selling 11,244 shares during the period. New York State Common Retirement Fund’s holdings in MongoDB were worth $47,593,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jennison Associates LLC boosted its position in MongoDB by 87.8% during the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after buying an additional 1,745,231 shares during the period. Quadrature Capital Ltd acquired a new position in shares of MongoDB during the third quarter worth $37,482,000. Federated Hermes Inc. lifted its holdings in shares of MongoDB by 314.8% during the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock worth $46,587,000 after purchasing an additional 102,225 shares during the period. International Assets Investment Management LLC increased its holdings in MongoDB by 31,796.1% in the fourth quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after purchasing an additional 89,665 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in MongoDB during the 3rd quarter worth $30,877,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Loop Capital began coverage on shares of MongoDB in a research report on Tuesday. They set a “buy” rating and a $415.00 target price for the company. Truist Financial boosted their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. UBS Group reiterated a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $465.00 target price on shares of MongoDB in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $443.86.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction dated 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 owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,802 shares of company stock valued at $35,936,911. Corporate insiders own 4.80% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $369.29 on Thursday. The company has a market cap of $26.90 billion, a P/E ratio of -148.91 and a beta of 1.19. The company has a fifty day simple moving average of $383.39 and a 200 day simple moving average of $390.67. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 12-month low of $212.52 and a 12-month high of $509.62.

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