National Pension Service Has $27.11 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

National Pension Service trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,434 shares of the company’s stock after selling 14,571 shares during the quarter. National Pension Service owned approximately 0.16% of MongoDB worth $27,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NCP Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $35,000. Los Angeles Capital Management LLC purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $8,763,000. Amalgamated Bank lifted its position in shares of MongoDB by 1.9% in the fourth quarter. Amalgamated Bank now owns 4,713 shares of the company’s stock worth $1,097,000 after purchasing an additional 89 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of MongoDB by 27.5% in the fourth quarter. Sentry Investment Management LLC now owns 1,318 shares of the company’s stock worth $307,000 after purchasing an additional 284 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of MongoDB by 54.3% in the fourth quarter. IFP Advisors Inc now owns 1,632 shares of the company’s stock worth $380,000 after purchasing an additional 574 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Scotiabank cut their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Wednesday, December 11th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley raised their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,314 shares of company stock worth $13,494,863 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MDB opened at $267.43 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $449.12. The firm’s fifty day moving average price is $262.73 and its two-hundred day moving average price is $274.82. The company has a market capitalization of $19.92 billion, a P/E ratio of -97.60 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business’s revenue was up 22.3% compared to the same quarter last year. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 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.