Harel Insurance Investments & Financial Services Ltd. Boosts Holdings in MongoDB, Inc. $MDB

Harel Insurance Investments & Financial Services Ltd. raised its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 55.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 549,970 shares of the company’s stock after acquiring an additional 195,250 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in MongoDB were worth $134,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MDB. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter worth about $28,000. Cornerstone Planning Group LLC lifted its stake in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB during the fourth quarter valued at approximately $33,000. Root Financial Partners LLC grew its stake in shares of MongoDB by 58.2% during the fourth 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 last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $38,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the transaction, the director owned 25,444 shares of the company’s stock, valued at approximately $8,754,008.20. This represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 131,746 shares of company stock worth $48,352,858. Insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $344.67 on Wednesday. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of -931.54, a PEG ratio of 1,218.91 and a beta of 1.55. The stock has a 50 day moving average price of $334.20 and a 200 day moving average price of $325.64. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. 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 forecast that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on MDB. Morgan Stanley boosted their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Monness Crespi & Hardt increased their target price on MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Robert W. Baird lifted their target price on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. One investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $400.41.

Read Our Latest Analysis on MDB

About MongoDB

(Free Report)

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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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