MongoDB, Inc. $MDB Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 32,986.4% in the second quarter, HoldingsChannel.com reports. The firm owned 39,528,376 shares of the company’s stock after buying an additional 39,408,906 shares during the period. California State Teachers Retirement System owned 0.49% of MongoDB worth $13,277,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Root Financial Partners LLC boosted its position in shares of MongoDB by 58.2% during the fourth 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. Moody National Bank Trust Division raised its holdings in shares of MongoDB by 3.1% in the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after buying an additional 34 shares during the period. HighPoint Advisor Group LLC boosted its holdings in MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after acquiring an additional 36 shares during the period. Basecamp Wealth Advisors LLC boosted its holdings in MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after acquiring an additional 36 shares during the period. Finally, Lido Advisors LLC increased its stake in MongoDB by 3.4% during the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. KGI Securities began coverage on shares of MongoDB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target on the stock. Cantor Fitzgerald boosted their price target on shares of MongoDB from $416.00 to $540.00 and gave the stock an “overweight” rating in a research note on Monday, August 31st. Citizens Jmp reaffirmed a “market outperform” rating and set a $519.00 price objective on shares of MongoDB in a research report on Wednesday, September 2nd. The Goldman Sachs Group increased their price objective on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Morgan Stanley increased their price target on MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $471.81.

MongoDB Stock Performance

MDB opened at $356.00 on Wednesday. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The company has a market cap of $28.63 billion, a P/E ratio of 501.41, a PEG ratio of 38.75 and a beta of 1.58. The business’s 50-day simple moving average is $375.28 and its 200-day simple moving average is $322.57.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, analysts predict that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the transaction, the director owned 452,896 shares in the company, valued at $204,595,768. This trade represents a 1.31% 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. Over the last quarter, insiders sold 40,696 shares of company stock worth $16,098,655. Company insiders own 2.60% of the company’s stock.

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.