Andra AP fonden Boosts Holdings in MongoDB, Inc. $MDB

Andra AP fonden raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 84.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,520 shares of the company’s stock after purchasing an additional 22,636 shares during the period. Andra AP fonden’s holdings in MongoDB were worth $12,121,000 at the end of the most recent reporting period.

Several other large 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 approximately $28,000. Cornerstone Planning Group LLC grew its holdings in MongoDB by 1,220.0% during 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. International Assets Investment Management LLC acquired a new stake in MongoDB during the 4th quarter valued at $33,000. Root Financial Partners LLC grew its holdings in MongoDB by 58.2% during the 4th 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 purchased a new position in MongoDB during the fourth quarter worth $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB stock opened at $307.65 on Wednesday. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of -831.49, a price-to-earnings-growth ratio of 1,325.25 and a beta of 1.55. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The company has a 50 day moving average price of $337.07 and a 200 day moving average price of $321.91.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 25.2% on a year-over-year basis. During the same period 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. As a group, equities analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the transaction, the director owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB 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 transaction, the director owned 25,444 shares in the company, valued at $8,754,008.20. The trade was a 5.80% 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. Over the last ninety days, insiders sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MDB shares. Barclays boosted their price target on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. DA Davidson reiterated a “buy” rating and set a $375.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 target price on shares of MongoDB in a research note on Tuesday, May 26th. Tigress Financial upped their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, UBS Group raised their price target on shares of MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $405.35.

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.