CI Investments Inc. Acquires 95,715 Shares of MongoDB, Inc. $MDB

CI Investments Inc. grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 81.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,604 shares of the company’s stock after buying an additional 95,715 shares during the period. CI Investments Inc. owned 0.27% of MongoDB worth $52,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDB. 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. Central Pacific Bank Trust Division bought a new position in MongoDB during the fourth quarter worth $28,000. International Assets Investment Management LLC bought a new position in MongoDB during the fourth quarter worth $33,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of MongoDB in the first quarter valued at $34,000. Finally, Root Financial Partners LLC increased its holdings in shares of MongoDB by 58.2% in the fourth 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 last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,130 shares of MongoDB stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $334.25, for a total transaction of $377,702.50. Following the completion of the sale, the director owned 982,953 shares of the company’s stock, valued at approximately $328,552,040.25. The trade was a 0.11% decrease in their ownership of the stock. 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 have sold 127,746 shares of company stock worth $47,343,538. Company insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

MDB opened at $307.65 on Wednesday. The stock has a fifty day moving average of $337.07 and a 200-day moving average of $321.91. The company has a market capitalization of $24.74 billion, a P/E ratio of -831.49, a P/E/G ratio of 1,325.25 and a beta of 1.55. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating 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 business had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the company posted $1.00 earnings per share. MongoDB’s 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. On average, equities research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Tigress Financial raised their target price on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Guggenheim reiterated a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Needham & Company LLC increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 10th. Oppenheimer raised their price objective on shares of MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $395.00 price objective on shares of MongoDB in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $405.35.

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.