Alamar Capital Management LLC Purchases Shares of 7,933 MongoDB, Inc. $MDB

Alamar Capital Management LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,933 shares of the company’s stock, valued at approximately $1,942,000. MongoDB comprises approximately 1.2% of Alamar Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also modified their holdings of MDB. Cetera Investment Advisers boosted its position in shares of MongoDB by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 24,313 shares of the company’s stock valued at $5,951,000 after acquiring an additional 4,925 shares during the last quarter. NewEdge Wealth LLC grew its holdings in shares of MongoDB by 924.0% in the first quarter. NewEdge Wealth LLC now owns 7,117 shares of the company’s stock valued at $1,742,000 after purchasing an additional 6,422 shares in the last quarter. CI Investments Inc. increased its position in MongoDB by 81.2% in the first quarter. CI Investments Inc. now owns 213,604 shares of the company’s stock worth $52,284,000 after purchasing an additional 95,715 shares during the last quarter. Westpac Banking Corp increased its position in MongoDB by 28.6% in the first quarter. Westpac Banking Corp now owns 1,555 shares of the company’s stock worth $381,000 after purchasing an additional 346 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in MongoDB by 15.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,492 shares of the company’s stock worth $855,000 after purchasing an additional 458 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total transaction of $377,702.50. Following the completion of the transaction, the director owned 982,953 shares in the company, valued at $328,552,040.25. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the company’s stock in a transaction that occurred 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 directly owned 150,550 shares in the company, valued at approximately $59,929,438.50. This represents a 22.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 127,746 shares of company stock worth $47,343,538 over the last three months. 2.60% of the stock is currently owned by company insiders.

MongoDB Stock Down 0.9%

MDB stock opened at $304.97 on Thursday. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month high of $444.72. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of -824.24, a price-to-earnings-growth ratio of 1,260.86 and a beta of 1.55. The firm’s fifty day simple moving average is $337.11 and its two-hundred day simple moving average is $321.10.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter last year, the business earned $1.00 EPS. The business’s revenue 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, equities research analysts expect that MongoDB, Inc. will post 0.02 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on MDB shares. Citizens Jmp reiterated a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Truist Financial boosted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Piper Sandler upped their target price on shares of MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Mizuho increased their price target on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $405.35.

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.