Empowered Funds LLC Lowers Holdings in MongoDB, Inc. $MDB

Empowered Funds LLC lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 48.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,082 shares of the company’s stock after selling 9,596 shares during the quarter. Empowered Funds LLC’s holdings in MongoDB were worth $2,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ValueAct Holdings L.P. raised its stake in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp raised its holdings in shares of MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after buying an additional 40,219 shares during the period. Amundi lifted its stake in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares during the period. Finally, Norges Bank acquired a new position in MongoDB in the 4th quarter valued at about $574,821,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. This trade represents a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 125,746 shares of company stock valued at $46,763,418. Corporate insiders own 2.60% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $376.36 on Thursday. The company has a fifty day moving average price of $339.83 and a 200 day moving average price of $315.42. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72. The company has a market cap of $30.27 billion, a price-to-earnings ratio of -1,017.19, a price-to-earnings-growth ratio of 1,557.54 and a beta of 1.55.

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, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MDB. KGI Securities began coverage on shares of MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price objective for the company. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Guggenheim reiterated a “buy” rating and issued a $475.00 target price on shares of MongoDB in a report on Friday, May 29th. Morgan Stanley lifted their price objective on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Oppenheimer increased their target price on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, May 29th. One investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $405.35.

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.