Teachers Retirement System of The State of Kentucky Has $11.97 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Teachers Retirement System of The State of Kentucky grew its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 138.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,432 shares of the company's stock after acquiring an additional 29,832 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of MongoDB worth $11,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. Norges Bank acquired a new position in MongoDB during the fourth quarter worth approximately $189,584,000. Marshall Wace LLP acquired a new stake in shares of MongoDB during the 4th quarter valued at $110,356,000. Raymond James Financial Inc. bought a new position in shares of MongoDB during the fourth quarter valued at $90,478,000. Amundi lifted its position in shares of MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after purchasing an additional 321,186 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after buying an additional 294,228 shares during the period. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price target on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Macquarie dropped their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price target on MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Daiwa Capital Markets started coverage on shares of MongoDB in a report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $294.78.

MongoDB Stock Up 0.2 %

Shares of NASDAQ:MDB traded up $0.29 on Friday, reaching $173.50. 2,105,392 shares of the company's stock were exchanged, compared to its average volume of 1,837,510. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The business's 50-day moving average is $197.65 and its two-hundred day moving average is $249.73. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of -63.32 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the company posted $0.86 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares of the company's stock, valued at $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at $46,597,930.48. This represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,680 shares of company stock valued at $10,819,027. 3.60% of the stock is currently owned by corporate insiders.

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.