Plato Investment Management Ltd Invests $353,000 in MongoDB, Inc. $MDB

Plato Investment Management Ltd bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,687 shares of the company’s stock, valued at approximately $353,000.

Several other large investors have also recently added to or reduced their stakes in MDB. Jericho Capital Asset Management L.P. bought a new position in MongoDB during the 1st quarter worth $161,543,000. Primecap Management Co. CA increased its position in MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after acquiring an additional 780,200 shares during the period. Westfield Capital Management Co. LP bought a new position in MongoDB during the first quarter worth about $128,706,000. Vanguard Group Inc. increased its position in MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after acquiring an additional 481,023 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in MongoDB by 425.6% during the first quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company’s stock worth $97,548,000 after acquiring an additional 450,336 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Monness Crespi & Hardt raised their target price on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Bank of America raised their price objective on MongoDB from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. UBS Group raised their price objective on MongoDB from $310.00 to $330.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Finally, Robert W. Baird raised their price target on MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $343.40.

MongoDB Stock Performance

Shares of MDB opened at $369.05 on Tuesday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $385.44. The business’s fifty day moving average is $322.51 and its 200-day moving average is $245.00. The firm has a market cap of $30.03 billion, a price-to-earnings ratio of -376.58 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $326.25, for a total transaction of $326,250.00. Following the sale, the chief accounting officer directly owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the sale, the director directly owned 32,293 shares in the company, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 107,493 shares of company stock worth $33,830,023 in the last ninety days. Insiders own 3.10% of the company’s stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.