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

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

Several other institutional investors have also modified their holdings of MDB. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter worth $28,000. Cornerstone Planning Group LLC raised its holdings in 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 period. International Assets Investment Management LLC acquired a new position in MongoDB in the fourth quarter valued at about $33,000. Root Financial Partners LLC boosted its stake in 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 buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in MongoDB during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 1.0%

Shares of MDB opened at $361.32 on Wednesday. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The firm’s 50 day moving average price is $325.22 and its 200 day moving average price is $328.60. The company has a market cap of $29.06 billion, a P/E ratio of -976.54, a PEG ratio of 1,290.82 and a beta of 1.55.

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

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the company’s stock in a transaction dated 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 sale, the director owned 150,550 shares in the company, valued at $59,929,438.50. This represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 139,746 shares of company stock valued at $50,247,978. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price target on shares of MongoDB in a research note on Tuesday, May 19th. Robert W. Baird lifted their target price on shares of MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. UBS Group boosted their target price on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Guggenheim restated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Finally, Cantor Fitzgerald raised their price target on MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Twenty-seven 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’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus 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.