Louisiana State Employees Retirement System Acquires New Position in MongoDB, Inc. (NASDAQ:MDB)

Louisiana State Employees Retirement System bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, Holdings Channel.com reports. The firm bought 5,700 shares of the company’s stock, valued at approximately $2,330,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. KB Financial Partners LLC purchased a new stake in shares of MongoDB during the 2nd quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of MongoDB during the third quarter worth $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after acquiring an additional 60 shares during the period. Finally, AM Squared Ltd purchased a new position in shares of MongoDB in the third quarter valued at $35,000. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the sale, the director now owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the sale, the director now owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDB. Needham & Company LLC reissued a “buy” rating and set a $465.00 price objective on shares of MongoDB in a report on Tuesday, April 9th. Truist Financial upped their price target on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Citigroup raised their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Redburn Atlantic reaffirmed a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Finally, Guggenheim increased their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $448.74.

MongoDB Stock Performance

Shares of MDB opened at $349.80 on Wednesday. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The firm has a 50 day moving average of $401.23 and a 200 day moving average of $390.75. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business 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%. Analysts predict that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

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.