Assenagon Asset Management S.A. Purchases 20,990 Shares of MongoDB, Inc. $MDB

Assenagon Asset Management S.A. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,807 shares of the company’s stock after purchasing an additional 20,990 shares during the quarter. Assenagon Asset Management S.A.’s holdings in MongoDB were worth $26,143,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the fourth quarter valued at approximately $28,000. Huntington National Bank grew its holdings in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MongoDB during the fourth quarter valued at approximately $33,000. Finally, Root Financial Partners LLC increased its position in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Price Performance

MongoDB stock opened at $314.71 on Friday. The firm has a market capitalization of $25.31 billion, a P/E ratio of -850.56, a PEG ratio of 1,060.69 and a beta of 1.57. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The business has a fifty day moving average price of $312.40 and a 200-day moving average price of $332.51.

MongoDB (NASDAQ:MDB) last issued its 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. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter last year, the company earned $1.00 EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Sell-side analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Mizuho boosted their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. BMO Capital Markets lifted their target price on MongoDB from $360.00 to $375.00 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 report on Wednesday, April 29th. Finally, Morgan Stanley raised their price objective on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $396.39.

Insider Activity

In related news, Director Roelof Botha sold 44,050 shares of the stock in a transaction 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 in the company, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total value of $3,539,100.00. Following the sale, the director directly owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 139,182 shares of company stock worth $49,910,727. Company insiders own 2.60% of the company’s stock.

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.