MongoDB, Inc. $MDB Position Increased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 48.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,810 shares of the company’s stock after buying an additional 6,819 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in MongoDB were worth $6,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC increased its position in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. CX Institutional increased its position in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. Finally, Murphy & Mullick Capital Management Corp raised its stake in MongoDB by 500.0% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 120 shares of the company’s stock valued at $50,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 that occurred on 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 completion of the sale, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 125,746 shares of company stock worth $46,763,418. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDB. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Cantor Fitzgerald upped their price objective on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Tigress Financial increased their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group raised their target price on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Mizuho boosted their price target on shares of MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $405.35.

MongoDB Stock Up 7.8%

Shares of MongoDB stock opened at $398.80 on Friday. The firm has a market cap of $32.08 billion, a price-to-earnings ratio of -1,077.84, a price-to-earnings-growth ratio of 1,634.43 and a beta of 1.55. The business has a fifty day simple moving average of $341.98 and a 200-day simple moving average of $315.79. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share 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 business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the business posted $1.00 earnings per share. The company’s quarterly revenue 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. Analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

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.