MongoDB, Inc. $MDB Position Reduced by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 75.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 784 shares of the company’s stock after selling 2,461 shares during the quarter. Savant Capital LLC’s holdings in MongoDB were worth $329,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MDB. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in MongoDB during the 4th quarter valued at $28,000. Huntington National Bank lifted its position in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $33,000. Finally, Global Trust Asset Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $38,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Down 7.7%

MDB stock opened at $350.74 on Friday. MongoDB, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $444.72. The firm’s 50-day simple moving average is $285.37 and its 200 day simple moving average is $334.35. The stock has a market cap of $28.19 billion, a PE ratio of -947.95 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the company earned $1.00 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that MongoDB, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MDB. Wells Fargo & Company reduced their price target on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $435.00 price target on shares of MongoDB in a research report on Friday, May 29th. Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Barclays raised their price target on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $394.45.

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.