Danica Pension Livsforsikringsaktieselskab decreased its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 32.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,280 shares of the company’s stock after selling 82,909 shares during the period. Danica Pension Livsforsikringsaktieselskab owned about 0.21% of MongoDB worth $42,169,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. ValueAct Holdings L.P. grew its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp increased its stake in shares of MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi raised its holdings in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares during the period. Geode Capital Management LLC raised its holdings in MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares during the period. Finally, Norges Bank purchased a new position in MongoDB during the fourth quarter worth approximately $574,821,000. 89.29% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at MongoDB
In other news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the sale, the director directly owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. This represents a 1.00% 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. Over the last quarter, insiders sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is owned by company insiders.
MongoDB Trading Down 4.9%
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on MDB shares. Scotiabank reissued an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $385.00 target price on shares of MongoDB in a research note on Tuesday, May 26th. Citizens Jmp reiterated a “market outperform” rating and set a $366.00 target price on shares of MongoDB in a research report on Friday, May 29th. Tigress Financial lifted their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings cut shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $405.35.
Check Out Our Latest Research Report on MDB
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.
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