New York State Common Retirement Fund Sells 11,244 Shares of MongoDB, Inc. (NASDAQ:MDB)

New York State Common Retirement Fund lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,406 shares of the company's stock after selling 11,244 shares during the quarter. New York State Common Retirement Fund owned 0.16% of MongoDB worth $47,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System increased its holdings in MongoDB by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 121,390 shares of the company's stock worth $49,630,000 after purchasing an additional 653 shares during the last quarter. Jennison Associates LLC raised its stake in shares of MongoDB by 3.3% in the 4th quarter. Jennison Associates LLC now owns 3,856,857 shares of the company's stock valued at $1,576,876,000 after purchasing an additional 122,893 shares in the last quarter. CWM LLC grew its stake in MongoDB by 3.4% in the fourth quarter. CWM LLC now owns 2,680 shares of the company's stock worth $1,096,000 after purchasing an additional 89 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of MongoDB in the 4th quarter worth approximately $310,000. Finally, Signaturefd LLC grew its position in shares of MongoDB by 4.7% during the 4th quarter. Signaturefd LLC now owns 1,682 shares of the company's stock valued at $688,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MDB. Guggenheim upped their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research report on Monday, March 4th. Loop Capital started coverage on shares of MongoDB in a research note on Tuesday. They set a "buy" rating and a $415.00 price objective on the stock. Redburn Atlantic reiterated a "sell" rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. UBS Group reaffirmed a "neutral" rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $465.00 target price on shares of MongoDB in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $443.86.

MongoDB Stock Performance

Shares of MDB traded down $3.16 on Thursday, reaching $366.13. 1,137,501 shares of the company's stock traded hands, compared to its average volume of 1,381,501. The stock's 50 day simple moving average is $383.39 and its two-hundred day simple moving average is $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 52-week low of $215.56 and a 52-week high of $509.62. The stock has a market cap of $26.67 billion, a PE ratio of -148.91 and a beta of 1.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 170 shares of the business's stock in a transaction dated 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 owns 17,360 shares of the company's stock, valued at approximately $6,043,363.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Thomas Bull sold 170 shares of the company'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The disclosure for this sale can be found here. Insiders sold a total of 91,802 shares of company stock worth $35,936,911 over the last three months. Company insiders own 4.80% of the company's stock.

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.