MongoDB, Inc. $MDB Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 78.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,118 shares of the company’s stock after acquiring an additional 3,569 shares during the quarter. Pacer Advisors Inc.’s holdings in MongoDB were worth $3,407,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB in the fourth quarter worth about $33,000. Root Financial Partners LLC increased its holdings in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in MongoDB in the fourth quarter valued at about $38,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB opened at $320.97 on Wednesday. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The stock’s fifty day moving average is $308.46 and its 200-day moving average is $334.11. The firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of -867.49, a price-to-earnings-growth ratio of 1,151.07 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MDB shares. Piper Sandler increased their target price on MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. DA Davidson reissued a “buy” rating and set a $375.00 price target on shares of MongoDB in a research report on Friday, May 29th. The Goldman Sachs Group reduced their price objective on MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Morgan Stanley lifted their price objective on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Truist Financial lowered their target price on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Twenty-eight investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

Insider Activity at MongoDB

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director directly owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 139,182 shares of company stock valued at $49,910,727. 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.