MongoDB, Inc. $MDB Position Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 1,134.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 67,333 shares of the company’s stock after buying an additional 61,877 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MongoDB were worth $16,481,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in shares of MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after acquiring an additional 327 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of MongoDB during the second quarter worth $329,000. Cresset Asset Management LLC raised its position in shares of MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of MongoDB by 28.3% during the second 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 last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 1.3%

Shares of NASDAQ:MDB opened at $354.88 on Friday. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The business has a fifty day simple moving average of $319.37 and a 200 day simple moving average of $329.84. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a P/E/G ratio of 1,296.12 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. 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 forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the business’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 value of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 139,746 shares of company stock worth $50,247,978 in the last ninety days. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a research report on Friday, May 29th. Bank of America boosted their price objective on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. UBS Group lifted their target price on shares of MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Citigroup restated a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $366.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Twenty-seven 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 company’s stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price 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.