SC US Ttgp LTD. Buys Shares of 2,706 MongoDB, Inc. $MDB

SC US Ttgp LTD. bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,706 shares of the company’s stock, valued at approximately $662,000. MongoDB makes up 0.0% of SC US Ttgp LTD.’s portfolio, making the stock its 17th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. GC Wealth Management RIA LLC raised its stake in MongoDB by 4.6% in the 1st quarter. GC Wealth Management RIA LLC now owns 1,890 shares of the company’s stock valued at $463,000 after purchasing an additional 83 shares during the last quarter. Inceptionr LLC acquired a new stake in MongoDB during the 1st quarter worth $316,000. Bank of Nova Scotia grew its holdings in shares of MongoDB by 36.0% during the first quarter. Bank of Nova Scotia now owns 7,796 shares of the company’s stock worth $1,908,000 after buying an additional 2,062 shares in the last quarter. Sei Investments Co. grew its holdings in shares of MongoDB by 125.3% during the first quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after buying an additional 204,446 shares in the last quarter. Finally, Alamar Capital Management LLC acquired a new stake in shares of MongoDB in the first quarter valued at about $1,942,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MongoDB stock opened at $298.22 on Friday. The stock has a 50 day moving average of $336.75 and a 200 day moving average of $320.24. The firm has a market capitalization of $23.99 billion, a price-to-earnings ratio of -806.00, a PEG ratio of 1,225.98 and a beta of 1.55. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Analyst Ratings Changes

MDB has been the topic of several research reports. Canaccord Genuity Group raised their price target on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Tigress Financial upped their price objective on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a report on Tuesday, May 26th. Citigroup reissued a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Finally, Mizuho boosted their target price on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $405.35.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% decrease in their position. 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 127,746 shares of company stock worth $47,343,538 in the last 90 days. Insiders own 2.60% of the company’s stock.

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.