Aware Super Pty Ltd as trustee of Aware Super Takes $796,000 Position in MongoDB, Inc. $MDB

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 3,252 shares of the company’s stock, valued at approximately $796,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornerstone Planning Group LLC raised its stake 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 purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in MongoDB in the fourth quarter worth about $28,000. 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. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 5.0%

Shares of MDB stock opened at $312.33 on Friday. The company has a market cap of $25.12 billion, a P/E ratio of -844.14, a PEG ratio of 1,126.45 and a beta of 1.55. The business has a 50 day moving average of $336.51 and a two-hundred day moving average of $324.09. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results 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. The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

MDB has been the topic of a number of research analyst reports. Robert W. Baird increased their target price on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Cantor Fitzgerald boosted their price target on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Citizens Jmp restated a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Finally, Guggenheim restated a “buy” rating and set a $475.00 price objective on shares of MongoDB in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $405.35.

Insider Activity

In other news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the transaction, the director owned 25,444 shares of the company’s stock, valued at approximately $8,754,008.20. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director directly owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. This trade represents a 1.00% 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 127,746 shares of company stock worth $47,343,538 over the last 90 days. Insiders own 2.60% of the company’s stock.

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.