MongoDB, Inc. $MDB Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 10.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 156,610 shares of the company’s stock after acquiring an additional 14,618 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in MongoDB were worth $54,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of MongoDB by 125.3% during the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after buying an additional 204,446 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of MongoDB by 169.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 240,646 shares of the company’s stock valued at $60,007,000 after acquiring an additional 151,241 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of MongoDB in the 1st quarter valued at approximately $34,459,000. Finally, Pictet Asset Management Holding SA raised its position in shares of MongoDB by 33.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 390,253 shares of the company’s stock valued at $95,516,000 after acquiring an additional 97,002 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, Director Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total transaction of $216,490.75. Following the sale, the director directly owned 45,237 shares in the company, valued at approximately $16,459,482.45. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total transaction of $400,000.00. Following the sale, the director owned 4,328 shares in the company, valued at $1,731,200. This trade represents a 18.77% decrease in their ownership of the stock. 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. Insiders sold a total of 32,595 shares of company stock valued at $13,465,211 in the last quarter. 2.60% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of MongoDB stock opened at $362.24 on Friday. The company has a market capitalization of $29.18 billion, a P/E ratio of 1,698.91, a price-to-earnings-growth ratio of 37.83 and a beta of 1.74. The business has a 50-day moving average of $388.46 and a two-hundred day moving average of $344.67. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the previous year, the business posted $1.00 EPS. MongoDB’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MDB. Stifel Nicolaus reduced their price objective on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. BMO Capital Markets decreased their price objective on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Monness Crespi & Hardt upped their target price on shares of MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Morgan Stanley reiterated an “overweight” rating on shares of MongoDB in a report on Wednesday, September 30th. Finally, Weiss Ratings raised shares of MongoDB from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $461.91.

View Our Latest Analysis on MDB

About MongoDB

(Free Report)

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.

See Also

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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