MongoDB, Inc. $MDB Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 187.9% during the first quarter, HoldingsChannel reports. The fund owned 141,027 shares of the company’s stock after acquiring an additional 92,044 shares during the quarter. Stephens Investment Management Group LLC’s holdings in MongoDB were worth $34,519,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kinetic Partners Management LP raised its stake in MongoDB by 27.2% during the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after buying an additional 41,810 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in MongoDB by 115.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares during the last quarter. Jericho Capital Asset Management L.P. grew its position in shares of MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after acquiring an additional 852,540 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of MongoDB by 69.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after acquiring an additional 141,755 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of MongoDB by 611.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after acquiring an additional 614,559 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MongoDB stock opened at $354.88 on Friday. The business’s 50 day simple moving average is $321.07 and its 200-day simple moving average is $330.02. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of -959.14, a PEG ratio of 1,279.91 and a beta of 1.55. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month 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 the consensus estimate 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 business 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 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. Sell-side analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDB. Robert W. Baird upped their price target on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Weiss Ratings lowered shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. UBS Group boosted their target price on shares of MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Wedbush increased their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. This represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This represents a 3.30% 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 sold 139,746 shares of company stock valued at $50,247,978 over the last three months. 2.60% of the stock is currently owned by company insiders.

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.