1,432 Shares in MongoDB, Inc. $MDB Acquired by Seelaus Asset Management LLC

Seelaus Asset Management LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,432 shares of the company’s stock, valued at approximately $351,000.

Other large investors also recently added to or reduced their stakes in the company. Kinetic Partners Management LP grew its stake 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 acquiring an additional 41,810 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings 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 valued at $148,872,000 after purchasing an additional 189,820 shares during the period. Jericho Capital Asset Management L.P. lifted its position in shares of MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of MongoDB by 69.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after purchasing an additional 141,755 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings 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 worth $300,120,000 after purchasing an additional 614,559 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was 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 of the company’s stock, valued at approximately $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the transaction, the director directly owned 29,326 shares in the company, valued at $10,264,100. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 139,746 shares of company stock valued at $50,247,978. 2.60% of the stock is owned by corporate insiders.

MongoDB Stock Down 0.5%

Shares of MDB opened at $359.40 on Thursday. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of -971.35, a price-to-earnings-growth ratio of 1,303.12 and a beta of 1.55. The company’s fifty day moving average is $327.12 and its 200-day moving average is $328.14. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MDB shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Monness Crespi & Hardt boosted their price target on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday, May 29th. Twenty-eight 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, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $398.69.

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.