Stableford Capital II LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,162 shares of the company’s stock, valued at approximately $726,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its stake in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of MongoDB in the 2nd quarter valued at about $329,000. Cresset Asset Management LLC grew its holdings in shares of MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,697 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MDB has been the subject of a number of analyst reports. Monness Crespi & Hardt raised their price target on MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, May 29th. DA Davidson reiterated a “buy” rating and set a $375.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and issued a $366.00 price objective on shares of MongoDB in a report on Friday, May 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of MongoDB in a research note on Friday, July 24th. Finally, Guggenheim restated a “buy” rating and set a $475.00 target price on shares of MongoDB in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $405.35.
Insiders Place Their Bets
In other MongoDB 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 value of $15,326,400.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director directly owned 29,326 shares of the company’s stock, valued at $10,264,100. This represents a 3.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is currently owned by insiders.
MongoDB Trading Up 6.1%
MongoDB stock opened at $357.97 on Tuesday. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72. The stock’s 50 day moving average is $336.74 and its 200-day moving average is $315.56. The company has a market capitalization of $28.79 billion, a price-to-earnings ratio of -967.49, a PEG ratio of 1,383.11 and a beta of 1.55.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s revenue was up 25.2% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.
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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