Natixis Advisors LLC Takes $15.42 Million Position in MongoDB, Inc. $MDB

Natixis Advisors LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel reports. The firm acquired 36,741 shares of the company’s stock, valued at approximately $15,420,000.

Several other hedge funds also recently modified their holdings of MDB. Integrated Wealth Concepts LLC boosted its position in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after acquiring an additional 327 shares during the period. NewEdge Advisors LLC boosted its holdings in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC bought a new stake in MongoDB in the 2nd quarter valued at $329,000. Cresset Asset Management LLC boosted its holdings in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC boosted its holdings in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares during the period. 89.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDB. Citizens Jmp reissued a “market outperform” rating and issued a $366.00 price target on shares of MongoDB in a report on Friday, May 29th. Barclays increased their price target on shares of MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a report on Friday, May 29th. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of MongoDB in a report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price target on shares of MongoDB in a report on Tuesday, May 26th. Finally, Wells Fargo & Company reduced their price target on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $394.45.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roelof Botha sold 44,050 shares of MongoDB 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 transaction, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 76,616 shares of company stock valued at $26,629,774 over the last ninety days. 2.60% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of MDB stock opened at $350.74 on Friday. The stock has a market cap of $28.19 billion, a P/E ratio of -947.95 and a beta of 1.57. MongoDB, Inc. has a one year low of $196.00 and a one year high of $444.72. The stock has a fifty day moving average price of $285.37 and a 200 day moving average price of $334.35.

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. The firm had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. 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 research analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

About MongoDB

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.