Sei Investments Co. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 125.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367,663 shares of the company’s stock after acquiring an additional 204,446 shares during the period. Sei Investments Co.’s holdings in MongoDB were worth $89,979,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of 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 bought a new position in MongoDB during the 4th quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in MongoDB in the 1st quarter worth approximately $34,000. Root Financial Partners LLC lifted its holdings in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in MongoDB in the 4th quarter worth approximately $38,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director owned 161,762 shares of the company’s stock, 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 this link. Also, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This trade represents a 76.92% 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 sold 127,746 shares of company stock worth $47,343,538 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Research Report on MongoDB
MongoDB Stock Down 0.3%
Shares of MDB stock opened at $298.22 on Friday. The business’s fifty day moving average is $336.75 and its 200 day moving average is $320.24. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of -806.00, a PEG ratio of 1,225.98 and a beta of 1.55. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month high of $444.72.
MongoDB (NASDAQ:MDB – Get Free Report) last announced 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 return on equity of 1.39% and a negative net margin of 1.12%.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 company’s revenue for the quarter 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. Equities research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.
About MongoDB
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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