Danica Pension Livsforsikringsaktieselskab Reduces Stock Holdings in MongoDB, Inc. $MDB

Danica Pension Livsforsikringsaktieselskab reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 32.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 172,280 shares of the company’s stock after selling 82,909 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in MongoDB were worth $42,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in shares of 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 buying an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $28,000. International Assets Investment Management LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC acquired a new position in MongoDB in the first quarter valued at approximately $34,000. Finally, Root Financial Partners LLC lifted its holdings in 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 acquiring an additional 32 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 4.9%

MongoDB stock opened at $307.65 on Wednesday. The firm has a market cap of $24.74 billion, a PE ratio of -831.49, a price-to-earnings-growth ratio of 1,325.25 and a beta of 1.55. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The company’s 50 day moving average is $337.07 and its two-hundred day moving average is $321.91.

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

Insider Transactions at MongoDB

In related news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value of $538,782.30. Following the sale, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. This trade represents a 5.80% 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. Insiders sold a total of 127,746 shares of company stock valued at $47,343,538 in the last 90 days. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Mizuho upped their price target on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Guggenheim reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a report on Friday, May 29th. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Cantor Fitzgerald boosted their price objective on shares of MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently 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.