MongoDB, Inc. $MDB Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 425.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 76,940 shares of the company’s stock after acquiring an additional 62,284 shares during the quarter. ExodusPoint Capital Management LP’s holdings in MongoDB were worth $32,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MDB. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC boosted its position in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $33,000. Root Financial Partners LLC boosted its position in shares of 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 purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $38,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

MDB opened at $348.81 on Wednesday. MongoDB, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $444.72. The business has a 50-day moving average of $299.95 and a 200-day moving average of $335.21. The company has a market capitalization of $28.05 billion, a PE ratio of -942.73, a price-to-earnings-growth ratio of 1,277.37 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period last year, the business earned $1.00 EPS. The business’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. On average, equities research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director directly owned 27,010 shares of the company’s stock, valued at approximately $9,453,500. This trade represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $348.92, for a total value of $2,093,520.00. Following the completion of the transaction, the director directly owned 464,896 shares in the company, valued at $162,211,512.32. The trade was a 1.27% decrease in their ownership of the stock. 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 sold 132,616 shares of company stock valued at $47,588,794 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price target on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. DA Davidson reiterated a “buy” rating and issued a $375.00 price target on shares of MongoDB in a research report on Friday, May 29th. The Goldman Sachs Group decreased their price target on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Truist Financial decreased their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target 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.