Capital Group Investment Management PTE. LTD. Makes New Investment in MongoDB, Inc. $MDB

Capital Group Investment Management PTE. LTD. acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,049 shares of the company’s stock, valued at approximately $1,280,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Clark Financial Services Group Inc. BD lifted its holdings in shares of MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of several analyst reports. Barclays increased their price objective on MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. The Goldman Sachs Group decreased their price objective on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Finally, Wedbush upped their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $394.45.

MongoDB Price Performance

NASDAQ:MDB opened at $350.74 on Friday. The company’s fifty day moving average price is $285.37 and its 200-day moving average price is $334.35. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The firm 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 issued its 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 net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the company 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. Equities analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 27,010 shares of the company’s stock, valued at approximately $9,453,500. This trade represents a 3.57% decrease in their position. The sale 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, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. 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 three months, insiders have sold 76,616 shares of company stock valued at $26,629,774. Company insiders own 2.60% of the company’s stock.

MongoDB Company 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.