Stance Capital LLC Purchases New Shares in MongoDB, Inc. $MDB

Stance Capital LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,320 shares of the company’s stock, valued at approximately $1,393,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC grew its position in MongoDB by 897.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after buying an additional 52,002 shares in the last quarter. Kinetic Partners Management LP raised its holdings in MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after acquiring an additional 41,810 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after acquiring an additional 189,820 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after acquiring an additional 852,540 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of MongoDB by 69.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after acquiring an additional 141,755 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDB shares. Oppenheimer increased their target price on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and set a $375.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Citigroup reaffirmed a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Weiss Ratings downgraded shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company decreased their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.39.

Insider Activity at MongoDB

In related news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director owned 161,762 shares in the company, valued at $61,980,727.92. The trade was a 19.83% decrease in their position. The sale 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 company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the completion of the transaction, the director directly owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 137,616 shares of company stock worth $49,371,944 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

MongoDB stock opened at $332.75 on Friday. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The stock has a market capitalization of $26.76 billion, a P/E ratio of -899.32, a price-to-earnings-growth ratio of 1,200.10 and a beta of 1.57. The stock has a fifty day moving average of $304.76 and a 200-day moving average of $335.25.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The business 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%.MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the prior year, the company 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, research analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current year.

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.