Shelton Wealth Management LLC Purchases New Stake in MongoDB, Inc. $MDB

Shelton Wealth Management LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,240 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds have also recently modified their holdings of the company. Kinetic Partners Management LP increased its position in MongoDB by 27.2% during the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after purchasing an additional 41,810 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after purchasing an additional 189,820 shares during the period. Jericho Capital Asset Management L.P. boosted its stake 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 purchasing an additional 852,540 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of MongoDB by 69.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after buying an additional 141,755 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of MongoDB by 611.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after buying an additional 614,559 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In related news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director owned 29,326 shares in the company, valued at $10,264,100. This represents 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. Over the last three months, insiders sold 139,746 shares of company stock valued at $50,247,978. Company insiders own 2.60% of the company’s stock.

MongoDB Stock Up 1.9%

Shares of MongoDB stock traded up $6.93 on Tuesday, reaching $364.84. The company’s stock had a trading volume of 356,865 shares, compared to its average volume of 1,979,125. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of -984.18, a P/E/G ratio of 1,279.90 and a beta of 1.55. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72. The firm’s fifty day simple moving average is $323.07 and its two-hundred day simple moving average is $328.96.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate 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%.MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last 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. As a group, research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research reports. Canaccord Genuity Group lifted their price objective on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of MongoDB in a research note on Friday, May 29th. UBS Group lifted their price target on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $395.00 price target on shares of MongoDB in a research note on Tuesday, May 19th. Finally, Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research report on Friday, May 29th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

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.