Magnetar Financial LLC Grows Position in MongoDB, Inc. $MDB

Magnetar Financial LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 1,294.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,684 shares of the company’s stock after acquiring an additional 9,918 shares during the quarter. Magnetar Financial LLC’s holdings in MongoDB were worth $4,484,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter valued at about $28,000. Huntington National Bank raised its holdings in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB during the 4th quarter valued at about $33,000. Finally, Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MDB shares. Oppenheimer raised their price objective on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Cantor Fitzgerald raised their price objective on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Guggenheim reaffirmed a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $348.92, for a total value of $2,093,520.00. Following the sale, the director directly owned 464,896 shares in the company, valued at approximately $162,211,512.32. This trade represents a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 27,010 shares in the company, valued at approximately $9,453,500. This represents a 3.57% 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 have sold a total of 132,616 shares of company stock valued at $47,588,794 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

MongoDB Price Performance

Shares of MongoDB stock opened at $348.81 on Wednesday. The business’s 50 day simple moving average is $299.95 and its two-hundred day simple moving average is $335.21. The stock has a market capitalization of $28.05 billion, a P/E ratio of -942.73, a price-to-earnings-growth ratio of 1,277.37 and a beta of 1.57. MongoDB, Inc. has a one year low of $196.00 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for 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%.The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm 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. Sell-side analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

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.