MongoDB, Inc. $MDB Shares Bought by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in MongoDB, Inc. by 11.1%, owning a total of 24,485 shares valued at approximately $5.14 million as of the latest filing.
• MongoDB, Inc. has a current market cap of $25.79 billion and its stock has fluctuated between a one-year low of $140.78 and a high of $370.00.
• Insider trading activity revealed CEO Dev Ittycheria sold 33,320 shares for over $10 million, which decreased his ownership by 14.09%.

Public Employees Retirement System of Ohio raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 11.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,485 shares of the company's stock after purchasing an additional 2,438 shares during the period. Public Employees Retirement System of Ohio's holdings in MongoDB were worth $5,142,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of MongoDB in the 1st quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in shares of MongoDB in the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. raised its position in shares of MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. State of Wyoming acquired a new position in shares of MongoDB in the 1st quarter valued at approximately $62,000. Finally, Brooklyn Investment Group raised its position in shares of MongoDB by 247.9% in the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after purchasing an additional 290 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ:MDB opened at $317.00 on Tuesday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of -323.47 and a beta of 1.49. The business has a fifty day moving average of $270.12 and a 200-day moving average of $217.34.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MDB. Rosenblatt Securities reissued a "buy" rating and set a $290.00 price target on shares of MongoDB in a research report on Friday, August 22nd. Guggenheim upped their price target on MongoDB from $310.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, September 15th. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Cantor Fitzgerald upped their price target on MongoDB from $312.00 to $406.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $350.00 price target on shares of MongoDB in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $336.83.

Insiders Place Their Bets

In other news, CEO Dev Ittycheria sold 33,320 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the transaction, the chief executive officer owned 203,237 shares of the company's stock, valued at approximately $61,233,275.73. This represents a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the transaction, the director directly owned 24,308 shares of the company's stock, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,910 shares of company stock worth $32,634,392. 3.10% of the stock is owned by company insiders.

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.

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