Engineers Gate Manager LP Lowers Stock Holdings in MongoDB, Inc. $MDB

Engineers Gate Manager LP lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 17.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,897 shares of the company’s stock after selling 17,992 shares during the quarter. Engineers Gate Manager LP’s holdings in MongoDB were worth $36,470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDB. Integrated Wealth Concepts LLC boosted its position in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its position in MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB during the second quarter worth approximately $329,000. Cresset Asset Management LLC boosted its position in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after purchasing an additional 370 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after purchasing an additional 2,697 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Roelof Botha sold 44,050 shares of MongoDB 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 transaction, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The stock was 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 6,500 shares in the company, valued at approximately $2,318,095. The trade was a 43.48% decrease in their position. 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. In the last ninety days, insiders have sold 137,616 shares of company stock worth $49,371,944. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MDB shares. Barclays increased their price target on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and issued a $385.00 target price on shares of MongoDB in a research report on Tuesday, May 26th. Cantor Fitzgerald raised their target price on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Needham & Company LLC restated an “overweight” rating on shares of MongoDB in a research report on Friday, May 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $395.00 target price on shares of MongoDB in a research report on Tuesday, May 19th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB Price Performance

NASDAQ MDB opened at $334.69 on Thursday. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The company has a market cap of $26.92 billion, a PE ratio of -904.57, a price-to-earnings-growth ratio of 1,258.00 and a beta of 1.57. The stock’s 50 day simple moving average is $301.54 and its 200-day simple moving average is $335.27.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS 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 firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. 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 anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

MongoDB 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.