Kentucky Retirement Systems Buys Shares of 4,887 MongoDB, Inc. (NASDAQ:MDB)

Kentucky Retirement Systems acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,887 shares of the company's stock, valued at approximately $857,000.

Other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC increased its holdings in MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after buying an additional 39 shares during the last quarter. Aigen Investment Management LP lifted its stake in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after purchasing an additional 55 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after acquiring an additional 65 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after acquiring an additional 75 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several research analyst reports. Daiwa Capital Markets started coverage on shares of MongoDB in a research note on Tuesday, April 1st. They set an "outperform" rating and a $202.00 target price for the company. Morgan Stanley lowered their price target on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and set a $270.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Oppenheimer cut their target price on MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Loop Capital cut shares of MongoDB from a "buy" rating to a "hold" rating and lowered their target price for the company from $350.00 to $190.00 in a research note on Tuesday, May 20th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus price target of $282.47.

MongoDB Stock Performance

MDB stock traded up $0.72 during midday trading on Friday, hitting $209.92. 3,106,432 shares of the company's stock were exchanged, compared to its average volume of 1,961,994. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The company has a market cap of $17.15 billion, a PE ratio of -184.14 and a beta of 1.39. The stock's fifty day moving average price is $189.81 and its 200-day moving average price is $218.26.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million during 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%. The firm's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other news, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 820 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total value of $172,888.80. Following the sale, the director now owns 1,106,186 shares of the company's stock, valued at approximately $233,228,256.24. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,202 shares of company stock valued at $10,576,696 in the last quarter. 3.10% of the stock is currently owned by insiders.

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.