Teachers Retirement System of The State of Kentucky Takes $5.84 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Teachers Retirement System of The State of Kentucky bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,600 shares of the company’s stock, valued at approximately $5,840,000.

Several other large investors also recently modified their holdings of the company. Jennison Associates LLC raised its position in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares during the period. Geode Capital Management LLC grew its position in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of MongoDB by 1.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the period. Finally, Holocene Advisors LP lifted its position in MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Cedric Pech sold 302 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the transaction, the executive now owns 33,440 shares in the company, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $7,611,849 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MDB shares. Bank of America upped their price target on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Oppenheimer increased their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday. Needham & Company LLC raised their target price on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. Macquarie initiated coverage on shares of MongoDB in a research report on Thursday. They issued a “neutral” rating and a $300.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $370.08.

MongoDB Stock Performance

NASDAQ:MDB opened at $288.61 on Friday. The stock’s fifty day moving average is $293.13 and its 200 day moving average is $269.12. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities analysts predict that MongoDB, Inc. will post -2.29 earnings per share for the current year.

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.