MongoDB, Inc. $MDB Shares Acquired by Daventry Group LP

Daventry Group LP grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 21.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 82,105 shares of the company’s stock after acquiring an additional 14,412 shares during the period. MongoDB comprises 22.9% of Daventry Group LP’s investment portfolio, making the stock its 2nd biggest holding. Daventry Group LP’s holdings in MongoDB were worth $20,097,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in MDB. SummitTX Capital L.P. increased its holdings in MongoDB by 60.9% in the 1st quarter. SummitTX Capital L.P. now owns 3,704 shares of the company’s stock valued at $907,000 after purchasing an additional 1,402 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in MongoDB by 13.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 32,831 shares of the company’s stock worth $8,036,000 after purchasing an additional 3,984 shares in the last quarter. Lead Edge Capital Management LLC lifted its stake in MongoDB by 33.1% during the first quarter. Lead Edge Capital Management LLC now owns 170,425 shares of the company’s stock worth $41,715,000 after purchasing an additional 42,370 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of MongoDB during the first quarter worth $1,304,000. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in shares of MongoDB during the first quarter worth $545,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price objective on shares of MongoDB in a report on Tuesday, May 19th. Rosenblatt Securities reissued a “buy” rating and set a $385.00 target price on shares of MongoDB in a research note on Tuesday, May 26th. Wedbush raised their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. BMO Capital Markets lifted their target price on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, KGI Securities began coverage on shares of MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $405.35.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. This trade represents a 76.92% decrease in their position. The transaction was disclosed in a document filed 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 Dev Ittycheria sold 40,000 shares of the 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 sale, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This represents a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 127,746 shares of company stock worth $47,343,538 over the last quarter. 2.60% of the stock is currently owned by insiders.

MongoDB Stock Up 3.9%

NASDAQ:MDB opened at $309.71 on Tuesday. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72. The company has a fifty day simple moving average of $336.34 and a two-hundred day simple moving average of $318.64. The company has a market cap of $24.91 billion, a price-to-earnings ratio of -837.05, a price-to-earnings-growth ratio of 1,222.21 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, analysts expect that MongoDB, Inc. will post 0.02 EPS 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.