Quantinno Capital Management LP Raises Stock Position in MongoDB, Inc. $MDB

Quantinno Capital Management LP boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 68.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 167,745 shares of the company’s stock after acquiring an additional 68,191 shares during the period. Quantinno Capital Management LP’s holdings in MongoDB were worth $41,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Daventry Group LP increased its stake in shares of MongoDB by 21.3% during the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock worth $20,097,000 after purchasing an additional 14,412 shares in the last quarter. SummitTX Capital L.P. lifted its stake in MongoDB by 60.9% in the 1st quarter. SummitTX Capital L.P. now owns 3,704 shares of the company’s stock valued at $907,000 after buying an additional 1,402 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in MongoDB by 13.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,831 shares of the company’s stock valued at $8,036,000 after buying an additional 3,984 shares in the last quarter. Lead Edge Capital Management LLC boosted its holdings in MongoDB by 33.1% in the 1st quarter. Lead Edge Capital Management LLC now owns 170,425 shares of the company’s stock worth $41,715,000 after buying an additional 42,370 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in MongoDB in the 1st quarter worth about $1,304,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of MongoDB stock opened at $325.88 on Friday. The stock’s 50 day simple moving average is $335.87 and its 200-day simple moving average is $316.50. The stock has a market cap of $26.21 billion, a P/E ratio of -880.76, a P/E/G ratio of 1,315.98 and a beta of 1.55. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 firm had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the firm earned $1.00 earnings per share. The business’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 expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on MDB. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. BMO Capital Markets lifted their price target on MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Oppenheimer boosted their price target on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Mizuho raised their price objective on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $405.35.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. 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 29,326 shares of the company’s stock, valued at approximately $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the sale, the director owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is currently owned by company insiders.

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.