MongoDB, Inc. $MDB Shares Sold by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 34.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,483 shares of the company’s stock after selling 2,328 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in MongoDB were worth $1,097,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. raised its stake in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp boosted its stake in shares of MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after buying an additional 40,219 shares during the last quarter. Amundi boosted its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares during the last quarter. Geode Capital Management LLC grew its holdings in MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after acquiring an additional 9,693 shares during the period. Finally, Norges Bank acquired a new stake in MongoDB during the fourth quarter worth about $574,821,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on MDB shares. Robert W. Baird boosted their price target on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. UBS Group raised their price objective on shares of MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Morgan Stanley lifted their target price on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Weiss Ratings cut shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Finally, Mizuho increased their price target on shares of MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.41.

MongoDB Stock Down 3.4%

Shares of MDB opened at $333.04 on Thursday. The firm’s fifty day moving average is $335.55 and its two-hundred day moving average is $324.92. The stock has a market cap of $26.79 billion, a PE ratio of -900.11, a price-to-earnings-growth ratio of 1,243.07 and a beta of 1.55. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same period 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. As a group, research analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of MongoDB 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 transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. The trade was a 1.00% 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. In the last 90 days, insiders have sold 127,746 shares of company stock worth $47,343,538. Insiders own 2.60% of the company’s stock.

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.