Strs Ohio Has $658,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Strs Ohio reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,610 shares of the company’s stock after selling 202 shares during the quarter. Strs Ohio’s holdings in MongoDB were worth $658,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vontobel Holding Ltd. increased its holdings in MongoDB by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 4,615 shares of the company’s stock valued at $1,887,000 after buying an additional 391 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in MongoDB by 2.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 178,693 shares of the company’s stock valued at $73,059,000 after buying an additional 4,600 shares during the period. Louisiana State Employees Retirement System bought a new stake in MongoDB in the 4th quarter valued at $2,330,000. Simplicity Solutions LLC increased its holdings in MongoDB by 10.0% in the 4th quarter. Simplicity Solutions LLC now owns 1,070 shares of the company’s stock valued at $437,000 after buying an additional 97 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in MongoDB by 1.8% in the 4th quarter. Perigon Wealth Management LLC now owns 2,848 shares of the company’s stock valued at $1,164,000 after buying an additional 51 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the sale, the chief financial officer now directly owns 70,985 shares in the company, valued at approximately $33,351,592.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,802 shares of company stock worth $35,936,911. Company insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several analyst reports. Guggenheim upped their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 target price (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 target price on shares of MongoDB in a report on Thursday. Finally, Loop Capital initiated coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $415.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Stock Performance

MongoDB stock opened at $366.13 on Friday. 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 1 year low of $215.56 and a 1 year high of $509.62. The company has a market cap of $26.67 billion, a PE ratio of -147.63 and a beta of 1.19. The company’s 50-day moving average is $381.23 and its two-hundred day moving average is $390.50.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Equities analysts anticipate that MongoDB, Inc. will post -2.53 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.