California Public Employees Retirement System Has $19.56 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

California Public Employees Retirement System trimmed its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,002 shares of the company's stock after selling 7,236 shares during the period. California Public Employees Retirement System owned 0.11% of MongoDB worth $19,557,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. MetLife Investment Management LLC grew its stake in shares of MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company's stock worth $1,203,000 after buying an additional 72 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of MongoDB by 19.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company's stock worth $391,000 after acquiring an additional 231 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in MongoDB during the third quarter valued at $1,055,000. Hilltop Holdings Inc. bought a new stake in MongoDB during the 3rd quarter worth approximately $292,000. Finally, HighTower Advisors LLC increased its stake in shares of MongoDB by 6.1% in the third quarter. HighTower Advisors LLC now owns 18,401 shares of the company's stock worth $4,986,000 after purchasing an additional 1,065 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 17.5 %

MDB traded up $25.49 during trading on Wednesday, reaching $171.34. 3,611,865 shares of the company were exchanged, compared to its average volume of 1,790,745. The firm has a 50 day moving average of $224.89 and a 200 day moving average of $257.73. The stock has a market cap of $13.91 billion, a P/E ratio of -62.53 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19.

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MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. This represents a 7.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock worth $13,461,875 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MDB shares. Royal Bank of Canada decreased their target price on MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Mizuho boosted their price objective on MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Citigroup decreased their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Needham & Company LLC lowered their price target on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Stifel Nicolaus lowered their price objective on MongoDB from $425.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $312.84.

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.