Stableford Capital II LLC Makes New $726,000 Investment in MongoDB, Inc. $MDB

Stableford Capital II LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the second quarter, HoldingsChannel reports. The firm purchased 2,162 shares of the company’s stock, valued at approximately $726,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its stake in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the period. Sivia Capital Partners LLC bought a new position in MongoDB during the second quarter valued at about $329,000. Cresset Asset Management LLC boosted its stake in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings 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 acquiring an additional 2,697 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Hope Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the sale, the director owned 25,444 shares of the company’s stock, valued at approximately $8,754,008.20. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed 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, CFO Michael Berry sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. This represents a 76.92% 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. In the last 90 days, insiders have sold 40,696 shares of company stock worth $16,098,655. 2.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

NASDAQ:MDB opened at $356.00 on Wednesday. The company has a market capitalization of $28.63 billion, a P/E ratio of 501.41, a P/E/G ratio of 38.75 and a beta of 1.58. The stock’s 50 day moving average price is $375.28 and its 200 day moving average price is $322.57. MongoDB, Inc. has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of several research reports. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Tigress Financial increased their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Mizuho raised their target price on shares of MongoDB from $400.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Finally, Truist Financial upped their price target on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

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.