Teachers Retirement System of The State of Kentucky Reduces Stock Holdings in MongoDB, Inc. $MDB

Teachers Retirement System of The State of Kentucky reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 20.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 41,412 shares of the company’s stock after selling 10,592 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MongoDB were worth $10,136,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MDB. Central Pacific Bank Trust Division acquired a new position in MongoDB in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC increased its holdings in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $33,000. Root Financial Partners LLC raised its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in MongoDB in the fourth quarter valued at approximately $38,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $337.97 on Tuesday. The firm has a market capitalization of $27.18 billion, a PE ratio of -913.43, a price-to-earnings-growth ratio of 1,233.73 and a beta of 1.55. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The firm’s 50-day moving average is $332.64 and its two-hundred day moving average is $326.28.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter last year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on MDB. Monness Crespi & Hardt increased their price objective on MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Mizuho lifted their target price on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Morgan Stanley raised their price objective on MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Weiss Ratings lowered shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $400.41.

Insider Buying and Selling

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares in the company, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value of $538,782.30. Following the sale, the director directly owned 25,444 shares in the company, valued at $8,754,008.20. This represents a 5.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 131,746 shares of company stock worth $48,352,858 over the last three months. 2.60% of the stock is owned by insiders.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.