Wealthfront Advisers LLC Increases Holdings in MongoDB, Inc. $MDB

Wealthfront Advisers LLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 59.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,914 shares of the company’s stock after acquiring an additional 2,961 shares during the quarter. Wealthfront Advisers LLC’s holdings in MongoDB were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC increased its position in MongoDB by 58.2% during the fourth 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 last quarter. True Wealth Design LLC grew its stake in shares of MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares during the period. HighPoint Advisor Group LLC increased its position in shares of MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares during the last quarter. Lido Advisors LLC increased its position in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of MongoDB by 4.3% during the 4th quarter. Whittier Trust Co. now owns 976 shares of the company’s stock valued at $425,000 after purchasing an additional 40 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $375.00 price objective on shares of MongoDB in a report on Friday, May 29th. Tigress Financial upped their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Barclays increased their price target on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Canaccord Genuity Group boosted their price objective on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Oppenheimer upped their price objective on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $405.35.

MongoDB Price Performance

Shares of MDB stock opened at $323.36 on Tuesday. The company has a market capitalization of $26.01 billion, a price-to-earnings ratio of -873.95, a PEG ratio of 1,126.44 and a beta of 1.55. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The company’s fifty day moving average price is $337.09 and its 200-day moving average price is $322.70.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the firm posted $1.00 EPS. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the sale, the director owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 MongoDB 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 sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% 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. Over the last ninety days, insiders sold 127,746 shares of company stock valued at $47,343,538. Insiders own 2.60% of the company’s stock.

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.