Whittier Trust Co. of Nevada Inc. Grows Position in MongoDB, Inc. $MDB

Whittier Trust Co. of Nevada Inc. increased its position in MongoDB, Inc. (NASDAQ:MDB) by 8,927.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,054 shares of the company’s stock after acquiring an additional 17,854 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in MongoDB were worth $4,604,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Clark Financial Services Group Inc. BD raised its holdings in MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after acquiring an additional 25 shares during the period. Root Financial Partners LLC raised its stake in 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 purchasing an additional 32 shares during the period. True Wealth Design LLC lifted its holdings in MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after purchasing an additional 36 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in MongoDB by 3.4% in the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after purchasing an additional 36 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of the transaction, the director owned 983,316 shares in the company, valued at $348,005,365.56. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at approximately $534,945. The trade was a 76.92% 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. In the last ninety days, insiders sold 139,746 shares of company stock worth $50,247,978. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several recent analyst reports. Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a research report on Friday, May 29th. Wedbush upped their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. DA Davidson reiterated a “buy” rating and issued a $375.00 price target on shares of MongoDB in a report on Friday, May 29th. Cantor Fitzgerald boosted their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $385.00 price objective on shares of MongoDB in a report on Tuesday, May 26th. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $396.39.

MongoDB Stock Up 1.2%

MDB traded up $4.45 on Tuesday, hitting $362.36. The company had a trading volume of 307,522 shares, compared to its average volume of 1,978,850. The business’s fifty day simple moving average is $323.07 and its 200 day simple moving average is $328.96. MongoDB, Inc. has a 12-month low of $198.47 and a 12-month high of $444.72. The company has a market cap of $29.14 billion, a PE ratio of -979.34, a PEG ratio of 1,279.90 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period last year, the company earned $1.00 earnings per share. MongoDB’s revenue was up 25.2% on a year-over-year basis. 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, analysts anticipate 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.