8,135 Shares in MongoDB, Inc. $MDB Bought by Capital International Inc. CA

Capital International Inc. CA purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,135 shares of the company’s stock, valued at approximately $3,414,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC raised its stake in MongoDB by 897.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after purchasing an additional 52,002 shares during the period. Kinetic Partners Management LP grew its holdings in shares of MongoDB by 27.2% in the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after purchasing an additional 41,810 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after acquiring an additional 189,820 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in MongoDB by 5.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 28,936 shares of the company’s stock worth $8,981,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in MongoDB by 69.6% in the fourth 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 during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

MDB opened at $352.56 on Tuesday. The firm has a 50 day moving average price of $287.60 and a 200 day moving average price of $334.42. The company has a market cap of $28.36 billion, a PE ratio of -952.86, a price-to-earnings-growth ratio of 1,505.91 and a beta of 1.57. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results 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. The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. 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 predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director directly owned 27,010 shares of the company’s stock, valued at $9,453,500. This trade represents a 3.57% decrease in their position. 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. Insiders sold a total of 116,616 shares of company stock worth $41,956,174 in the last quarter. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of MongoDB in a research report on Monday. Weiss Ratings cut shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. BMO Capital Markets boosted their price objective on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Piper Sandler upped their target price on shares of MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $396.39.

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.