Capital International Sarl Makes New $10.52 Million Investment in MongoDB, Inc. $MDB

Capital International Sarl bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,073 shares of the company’s stock, valued at approximately $10,523,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital International Ltd. CA bought a new stake in MongoDB during the 4th quarter valued at $5,837,000. Capital International Inc. CA purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $3,414,000. Capital Group Investment Management PTE. LTD. purchased a new position in MongoDB in the fourth quarter worth approximately $1,280,000. Los Angeles Capital Management LLC grew its position in MongoDB by 28.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 53,356 shares of the company’s stock worth $22,393,000 after acquiring an additional 11,838 shares during the period. Finally, Telemark Asset Management LLC purchased a new position in MongoDB in the fourth quarter worth approximately $16,788,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Roelof Botha sold 44,050 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director directly owned 27,010 shares in the company, valued at approximately $9,453,500. The trade was a 3.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 76,616 shares of company stock valued at $26,629,774. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MDB shares. UBS Group raised their price target on MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Canaccord Genuity Group lifted their target price on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Oppenheimer raised their price target on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a report on Sunday. Twenty-eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $394.45.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $350.74 on Monday. The business’s 50 day simple moving average is $285.37 and its 200-day simple moving average is $334.31. The firm has a market capitalization of $28.21 billion, a price-to-earnings ratio of -947.95, a price-to-earnings-growth ratio of 1,505.91 and a beta of 1.57. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, equities analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

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.