OMERS ADMINISTRATION Corp lessened its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,847 shares of the company’s stock after selling 3,994 shares during the period. OMERS ADMINISTRATION Corp’s holdings in MongoDB were worth $12,107,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Clark Financial Services Group Inc. BD increased its stake in MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares in the last quarter. Root Financial Partners LLC increased its stake in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. True Wealth Design LLC increased its stake in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on MDB. Monness Crespi & Hardt upped their target price on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Guggenheim reissued a “buy” rating and set a $475.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 price objective on shares of MongoDB in a research report on Tuesday, May 19th. Wedbush increased their price objective on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Robert W. Baird increased their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $396.39.
MongoDB Trading Up 3.3%
Shares of MDB opened at $354.18 on Tuesday. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72. The firm has a fifty day simple moving average of $298.04 and a 200 day simple moving average of $335.05. The stock has a market capitalization of $28.49 billion, a price-to-earnings ratio of -957.24, a PEG ratio of 1,236.33 and a beta of 1.57.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping 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 analysts’ expectations of $664.53 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm’s revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.
Insider Buying and Selling at MongoDB
In related news, Director Roelof Botha sold 44,050 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the transaction, the director owned 24,093 shares of the company’s stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 116,616 shares of company stock worth $41,956,174. Company insiders own 2.60% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than MongoDB
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.
