Westfield Capital Management Co. LP Has $66.95 Million Position in MongoDB, Inc. $MDB

Westfield Capital Management Co. LP lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,529 shares of the company’s stock after selling 21,785 shares during the quarter. Westfield Capital Management Co. LP’s holdings in MongoDB were worth $66,953,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB during the 4th quarter worth $28,000. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the period. International Assets Investment Management LLC bought a new stake in MongoDB in the 4th quarter valued at about $33,000. Root Financial Partners LLC raised its stake in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in MongoDB in the 4th quarter valued at about $38,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of MDB opened at $350.74 on Friday. The firm has a market cap of $28.19 billion, a P/E ratio of -947.95 and a beta of 1.57. The stock has a 50 day simple moving average of $285.37 and a two-hundred day simple moving average of $334.35. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) 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 analyst estimates 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 quarter in the prior year, the firm earned $1.00 earnings per share. 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, equities analysts anticipate that MongoDB, Inc. will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 the company’s 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 directly owned 27,010 shares of the company’s stock, valued at approximately $9,453,500. This represents a 3.57% decrease in their position. 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 sold a total of 76,616 shares of company stock valued at $26,629,774 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MDB shares. Monness Crespi & Hardt boosted their price objective on MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, May 29th. The Goldman Sachs Group decreased their price objective on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group upped their price objective on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Twenty-eight 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. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $394.45.

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.