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

Teachers Retirement System of The State of Kentucky purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,600 shares of the company's stock, valued at approximately $5,840,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC grew its position in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP raised its position in 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 during the period. Thrivent Financial for Lutherans lifted its stake in MongoDB by 1,098.1% in the second 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 last quarter. Finally, Holocene Advisors LP boosted 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 buying an additional 66,730 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Trading Down 7.4 %

MongoDB stock traded down $21.42 during mid-day trading on Friday, hitting $267.19. The company had a trading volume of 5,086,127 shares, compared to its average volume of 1,534,332. The stock's 50 day moving average price is $293.13 and its two-hundred day moving average price is $269.12. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market capitalization of $19.74 billion, a PE ratio of -97.51 and a beta of 1.17.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the firm earned $0.96 EPS. MongoDB's quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts anticipate that MongoDB, Inc. will post -2.29 EPS for the current year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value 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 $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Cedric Pech sold 302 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the transaction, the executive now directly owns 33,440 shares of the company's stock, valued at $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. Over the last 90 days, insiders have sold 26,600 shares of company stock worth $7,611,849. Corporate insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MDB. UBS Group increased their target price on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Canaccord Genuity Group lifted their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Wedbush upgraded shares of MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Piper Sandler reiterated an "overweight" rating and set a $425.00 target price on shares of MongoDB in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $370.08.

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.