Contour Asset Management LLC Purchases Shares of 198,944 MongoDB, Inc. $MDB

Contour Asset Management LLC purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 198,944 shares of the company’s stock, valued at approximately $83,495,000. MongoDB comprises about 1.9% of Contour Asset Management LLC’s holdings, making the stock its 17th biggest position.

Several other hedge funds have also modified their holdings of the company. Avala Global LP lifted its position in shares of MongoDB by 8.9% during the fourth quarter. Avala Global LP now owns 299,166 shares of the company’s stock valued at $125,557,000 after buying an additional 24,366 shares during the last quarter. Ardsley Advisory Partners LP purchased a new stake in shares of MongoDB during the fourth quarter valued at about $8,694,000. Alight Capital Management LP lifted its position in shares of MongoDB by 11.1% during the fourth quarter. Alight Capital Management LP now owns 20,000 shares of the company’s stock valued at $8,394,000 after buying an additional 2,000 shares during the last quarter. American Trust lifted its position in shares of MongoDB by 14.0% during the fourth quarter. American Trust now owns 792 shares of the company’s stock valued at $332,000 after buying an additional 97 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of MongoDB by 53.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 79,562 shares of the company’s stock valued at $33,391,000 after buying an additional 27,725 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 137,616 shares of company stock valued at $49,371,944. 2.60% of the stock is owned by corporate insiders.

MongoDB Trading Down 4.0%

Shares of MongoDB stock opened at $334.69 on Thursday. MongoDB, Inc. has a 12-month low of $196.00 and a 12-month high of $444.72. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of -904.57, a PEG ratio of 1,258.00 and a beta of 1.57. The firm’s 50 day simple moving average is $301.54 and its two-hundred day simple moving average is $335.27.

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, beating 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 analyst estimates of $664.53 million. During the same quarter in the prior year, the business posted $1.00 EPS. MongoDB’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. On average, sell-side analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MDB. DA Davidson reissued a “buy” rating and set a $375.00 price target on shares of MongoDB in a research report on Friday, May 29th. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Bank of America increased their price objective on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research report on Friday, May 29th. Finally, Guggenheim restated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Twenty-eight investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

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.