MongoDB, Inc. $MDB Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in MongoDB, Inc. (NASDAQ:MDB) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,570 shares of the company’s stock after selling 1,810 shares during the period. Hsbc Holdings PLC’s holdings in MongoDB were worth $14,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its position in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in MongoDB in the fourth quarter valued at $28,000. Huntington National Bank lifted its position in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB in the fourth quarter valued at $33,000. Finally, Root Financial Partners LLC grew its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 target price on shares of MongoDB in a report on Tuesday, May 26th. Piper Sandler raised their price target on MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Wells Fargo & Company cut their price target on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Cantor Fitzgerald boosted their price objective on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Twenty-seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction 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 trade represents a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 139,182 shares of company stock valued at $49,910,727. Corporate insiders own 2.60% of the company’s stock.

MongoDB Stock Down 2.8%

NASDAQ MDB opened at $294.10 on Friday. The firm has a market cap of $23.65 billion, a P/E ratio of -794.86, a P/E/G ratio of 1,090.77 and a beta of 1.57. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The business’s 50-day moving average price is $310.99 and its 200 day moving average price is $332.63.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

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.