WINTON GROUP Ltd Has $1.19 Million Position in MongoDB, Inc. $MDB

WINTON GROUP Ltd reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 83.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,836 shares of the company’s stock after selling 14,361 shares during the quarter. WINTON GROUP Ltd’s holdings in MongoDB were worth $1,190,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB during the 4th quarter worth about $28,000. Cornerstone Planning Group LLC grew its position in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB during the 4th quarter worth about $33,000. Root Financial Partners LLC grew its position in shares of MongoDB by 58.2% during 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 acquired a new position in shares of MongoDB during the 4th quarter worth about $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citizens Jmp restated a “market outperform” rating and set a $366.00 target price on shares of MongoDB in a research report on Friday, May 29th. Citigroup reiterated a “buy” rating on shares of MongoDB in a research report on Monday. Stifel Nicolaus set a $435.00 price objective on MongoDB in a research report on Friday, May 29th. The Goldman Sachs Group decreased their price objective on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price objective on shares of MongoDB in a research report on Tuesday, May 19th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB Stock Performance

Shares of MDB opened at $352.56 on Tuesday. The stock has a 50 day simple moving average of $287.60 and a 200 day simple moving average of $334.42. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The firm has a market capitalization of $28.36 billion, a PE ratio of -952.86, a P/E/G ratio of 1,505.91 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last issued 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 business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director owned 470,896 shares in the company, valued at approximately $148,322,822.08. The trade was a 1.26% decrease in their position. The transaction was disclosed in a legal 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 Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 27,010 shares in the company, valued at $9,453,500. The trade was a 3.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 116,616 shares of company stock worth $41,956,174. 2.60% of the stock is currently owned by insiders.

MongoDB Company 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.