Clear Street Group Inc. Has $7.80 Million Stock Position in MongoDB, Inc. $MDB

Clear Street Group Inc. lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 37.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,594 shares of the company’s stock after buying an additional 5,021 shares during the period. Clear Street Group Inc.’s holdings in MongoDB were worth $7,804,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of MongoDB during the 4th quarter worth $429,000. Dockside LLC acquired a new position in shares of MongoDB during the 4th quarter worth $1,885,000. Entropy Technologies LP acquired a new position in shares of MongoDB during the 4th quarter worth $6,050,000. Aigen Investment Management LP increased its stake in shares of MongoDB by 43.4% during the 4th quarter. Aigen Investment Management LP now owns 2,519 shares of the company’s stock worth $1,057,000 after purchasing an additional 762 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in MongoDB by 21.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $342.80 on Friday. MongoDB, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $444.72. The firm has a fifty day moving average price of $296.01 and a two-hundred day moving average price of $334.86. The company has a market cap of $27.57 billion, a PE ratio of -926.49, a price-to-earnings-growth ratio of 1,236.34 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the firm earned $1.00 EPS. The business’s 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 expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the 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 completion of the sale, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This trade represents a 1.26% 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. Insiders sold 116,616 shares of company stock valued at $41,956,174 in the last quarter. Company insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDB. Morgan Stanley raised their target price on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Guggenheim reiterated a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research note on Friday, May 29th. 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. 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, DA Davidson reiterated a “buy” rating and issued a $375.00 target price on shares of MongoDB in a research note on Friday, May 29th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

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.