Artisan Partners Limited Partnership Has $179.84 Million Stock Holdings in MongoDB, Inc. $MDB

Artisan Partners Limited Partnership grew its position in MongoDB, Inc. (NASDAQ:MDB) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 428,495 shares of the company’s stock after purchasing an additional 52,776 shares during the quarter. Artisan Partners Limited Partnership’s holdings in MongoDB were worth $179,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. Cornerstone Planning Group LLC grew its stake in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in MongoDB during the fourth quarter worth $28,000. Huntington National Bank boosted its stake in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in MongoDB during the fourth quarter worth $33,000. Finally, Root Financial Partners LLC boosted its stake in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MDB. Citizens Jmp reiterated a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Wedbush lifted their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Weiss Ratings downgraded shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Oppenheimer lifted their price target on shares of MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Guggenheim reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the transaction, the director owned 983,316 shares in the company, valued at $348,005,365.56. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the transaction, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 132,616 shares of company stock worth $47,588,794 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $348.81 on Wednesday. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The company’s fifty day moving average is $299.95 and its 200-day moving average is $335.21. The company has a market capitalization of $28.05 billion, a PE ratio of -942.73, a P/E/G ratio of 1,277.37 and a beta of 1.57.

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