State of New Jersey Common Pension Fund D Has $6.42 Million Position in MongoDB, Inc. (NASDAQ:MDB)

State of New Jersey Common Pension Fund D cut its position in MongoDB, Inc. (NASDAQ:MDB) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,585 shares of the company’s stock after selling 75 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MongoDB were worth $6,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDB. Creative Planning raised its position in shares of MongoDB by 16.2% in the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock valued at $4,709,000 after buying an additional 2,427 shares in the last quarter. Bleakley Financial Group LLC increased its position in MongoDB by 10.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 939 shares of the company’s stock worth $254,000 after purchasing an additional 89 shares in the last quarter. Blue Trust Inc. increased its position in MongoDB by 72.3% during the 3rd quarter. Blue Trust Inc. now owns 927 shares of the company’s stock worth $232,000 after purchasing an additional 389 shares in the last quarter. Prio Wealth Limited Partnership acquired a new position in MongoDB during the 3rd quarter worth approximately $203,000. Finally, Whittier Trust Co. increased its position in MongoDB by 3.9% during the 3rd quarter. Whittier Trust Co. now owns 30,933 shares of the company’s stock worth $8,362,000 after purchasing an additional 1,169 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,094 shares of company stock valued at $11,705,293. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Up 3.1 %

Shares of NASDAQ MDB opened at $298.69 on Wednesday. The firm has a market cap of $22.24 billion, a PE ratio of -109.01 and a beta of 1.28. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.78. The company’s fifty day simple moving average is $261.45 and its 200 day simple moving average is $272.51.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Tigress Financial upped their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. China Renaissance assumed coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective for the company. Scotiabank lowered their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird upped their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Company 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.