MongoDB, Inc. $MDB Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 168.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,560 shares of the company’s stock after purchasing an additional 1,605 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MongoDB were worth $627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB during the fourth quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in shares of MongoDB during the fourth quarter valued at $33,000. Root Financial Partners LLC increased its position in shares of 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 acquired a new position in shares of MongoDB in the 4th quarter valued at $38,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $385.00 price target on shares of MongoDB in a research report on Tuesday, May 26th. Robert W. Baird increased their price objective on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Scotiabank restated an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Wedbush raised their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group lifted their target price on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $400.41.

MongoDB Stock Up 2.0%

MDB stock opened at $344.67 on Wednesday. The company’s 50-day simple moving average is $334.20 and its 200-day simple moving average is $325.64. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The firm has a market cap of $27.72 billion, a P/E ratio of -931.54, a PEG ratio of 1,218.91 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating 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 firm had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same period last year, the firm earned $1.00 EPS. The company’s quarterly 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.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 131,746 shares of company stock valued at $48,352,858 in the last ninety days. 2.60% of the stock is currently owned by company insiders.

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.