2,082 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,082 shares of the company's stock, valued at approximately $365,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB during the fourth quarter valued at approximately $29,000. NCP Inc. purchased a new position in MongoDB during the fourth quarter worth approximately $35,000. Coppell Advisory Solutions LLC raised its stake in MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after purchasing an additional 182 shares during the period. Smartleaf Asset Management LLC raised its stake in MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after purchasing an additional 134 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in MongoDB by 72.0% during the fourth quarter. J.Safra Asset Management Corp now owns 387 shares of the company's stock worth $91,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Trading Up 0.3%

NASDAQ:MDB traded up $0.72 during mid-day trading on Friday, hitting $209.92. The stock had a trading volume of 3,106,432 shares, compared to its average volume of 1,960,037. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of -184.14 and a beta of 1.40. The company has a 50 day simple moving average of $190.83 and a 200-day simple moving average of $216.65. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. The firm had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. MongoDB's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 820 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total transaction of $172,888.80. Following the sale, the director now directly owns 1,106,186 shares in the company, valued at approximately $233,228,256.24. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of the business'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 sale, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,202 shares of company stock worth $10,576,696. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Oppenheimer cut their price target on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Barclays increased their price objective on shares of MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Truist Financial dropped their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Scotiabank increased their price objective on shares of MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Finally, KeyCorp lowered shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.47.

MongoDB 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.