MongoDB, Inc. $MDB Stock Holdings Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 475,705 shares of the company’s stock after selling 176,394 shares during the quarter. Bank of New York Mellon Corp’s holdings in MongoDB were worth $199,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after acquiring an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in MongoDB in the 2nd quarter valued at about $329,000. Cresset Asset Management LLC lifted its holdings in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,697 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on MDB shares. DA Davidson reaffirmed a “buy” rating and issued a $375.00 price target on shares of MongoDB in a report on Friday, May 29th. Bank of America upped their price target on MongoDB from $375.00 to $390.00 and gave the company a “buy” rating in a report on Friday, May 29th. BMO Capital Markets lifted their price target on MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Finally, Tigress Financial lifted their price target on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $394.45.

MongoDB Price Performance

Shares of MDB opened at $350.74 on Friday. The business’s 50 day simple moving average is $285.37 and its 200-day simple moving average is $334.35. MongoDB, Inc. has a one year low of $196.00 and a one year high of $444.72. The company has a market capitalization of $28.19 billion, a P/E ratio of -947.95 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 (EPS) for the quarter, beating 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 analysts’ expectations of $664.53 million. During the same quarter last year, the business earned $1.00 earnings per share. The firm’s quarterly 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, sell-side analysts anticipate that MongoDB, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $17,534,983.50. Following the completion of the sale, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 76,616 shares of company stock worth $26,629,774 over the last ninety days. Company insiders own 2.60% of the company’s stock.

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.