Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 7,920 Shares of MongoDB, Inc. $MDB

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 44.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 25,847 shares of the company’s stock after buying an additional 7,920 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MongoDB were worth $6,327,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kinetic Partners Management LP lifted its holdings in MongoDB by 27.2% during the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after acquiring an additional 41,810 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after purchasing an additional 189,820 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of MongoDB by 69.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after purchasing an additional 141,755 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in MongoDB by 611.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after acquiring an additional 614,559 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction 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 sale, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the transaction, the director owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. This represents a 3.30% 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. Over the last 90 days, insiders have sold 139,746 shares of company stock worth $50,247,978. 2.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

NASDAQ MDB opened at $354.88 on Monday. The stock has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a PEG ratio of 1,279.90 and a beta of 1.55. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72. The company’s 50 day moving average is $321.07 and its two-hundred day moving average is $329.41.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share 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 company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the firm posted $1.00 EPS. MongoDB’s quarterly 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 forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. Citigroup reissued a “buy” rating on shares of MongoDB in a report on Monday, June 8th. Mizuho boosted their price objective on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Robert W. Baird boosted their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a research report on Friday, May 29th. Finally, Stifel Nicolaus set a $435.00 price target on shares of MongoDB in a report on Friday, May 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $396.39.

MongoDB Company 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.