MongoDB, Inc. $MDB Shares Bought by National Pension Service

National Pension Service grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 153,687 shares of the company’s stock after purchasing an additional 14,866 shares during the period. National Pension Service’s holdings in MongoDB were worth $51,623,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB in the 2nd quarter worth $34,000. NBH Bank acquired a new stake in shares of MongoDB during the second quarter worth $34,000. Finally, CX Institutional lifted its holdings in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the transaction, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. 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 29,326 shares of the company’s stock, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,696 shares of company stock worth $12,559,555 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of analyst reports. Tigress Financial lifted their price target on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. DA Davidson reissued a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research note on Wednesday, September 2nd. Canaccord Genuity Group boosted their price objective on shares of MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, KGI Securities began coverage on shares of MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Stock Performance

MDB opened at $362.21 on Friday. The business has a 50 day moving average price of $375.79 and a 200 day moving average price of $323.06. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a market cap of $29.18 billion, a P/E ratio of 510.15, a price-to-earnings-growth ratio of 38.24 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, analysts anticipate that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.