Capital World Investors Acquires 552,434 Shares of MongoDB, Inc. $MDB

Capital World Investors increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 129.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 980,182 shares of the company’s stock after purchasing an additional 552,434 shares during the period. Capital World Investors’ holdings in MongoDB were worth $411,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Clark Financial Services Group Inc. BD boosted its holdings in MongoDB by 1.5% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after buying an additional 25 shares during the period. Root Financial Partners LLC lifted its stake in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares in the last quarter. True Wealth Design LLC lifted its stake in MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after purchasing an additional 36 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in MongoDB by 3.4% in the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after purchasing an additional 36 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group increased their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Cantor Fitzgerald increased their target price on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird increased their target price on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $394.45.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $350.74 on Monday. The stock has a market cap of $28.21 billion, a PE ratio of -947.95, a PEG ratio of 1,505.91 and a beta of 1.57. The company’s fifty day moving average is $285.37 and its 200 day moving average is $334.31. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company’s revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the firm earned $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. Sell-side analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on 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 sale, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This trade represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 27,010 shares in the company, valued at $9,453,500. The trade was a 3.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 76,616 shares of company stock valued at $26,629,774 in the last quarter. Insiders own 2.60% of the company’s stock.

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.