Pacer Advisors Inc. Acquires 2,096 Shares of MongoDB, Inc. $MDB

Pacer Advisors Inc. lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 25.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,214 shares of the company’s stock after buying an additional 2,096 shares during the period. Pacer Advisors Inc.’s holdings in MongoDB were worth $2,500,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after purchasing an additional 189,820 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of MongoDB by 69.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after buying an additional 141,755 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of MongoDB by 33.6% during the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after buying an additional 46,051 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of MongoDB by 611.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after buying an additional 614,559 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of MongoDB by 12,467.7% in the 4th quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock valued at $135,872,000 after acquiring an additional 321,168 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. Needham & Company LLC raised their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Citizens Jmp reissued a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Oppenheimer boosted their price target on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Robert W. Baird upped their price objective on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $405.35.

MongoDB Trading Up 7.8%

NASDAQ MDB opened at $398.80 on Friday. The firm has a market capitalization of $32.08 billion, a PE ratio of -1,077.84, a price-to-earnings-growth ratio of 1,516.39 and a beta of 1.55. The business’s 50-day moving average price is $341.98 and its two-hundred day moving average price is $315.79. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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. 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 company earned $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. As a group, analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the sale, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roelof Botha sold 44,050 shares of the stock in a transaction 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 sale, the director owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 125,746 shares of company stock worth $46,763,418. 2.60% of the stock is owned by insiders.

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.