Hsbc Holdings PLC Raises Stock Position in MongoDB, Inc. $MDB

Hsbc Holdings PLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,036 shares of the company’s stock after acquiring an additional 6,466 shares during the period. Hsbc Holdings PLC’s holdings in MongoDB were worth $10,044,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MDB. Cornerstone Planning Group LLC grew its holdings 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 worth $27,000 after acquiring an additional 61 shares during the period. International Assets Investment Management LLC purchased a new position in MongoDB in the 4th quarter valued at approximately $33,000. Root Financial Partners LLC raised its holdings in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in MongoDB during the fourth quarter worth $38,000. Finally, Geneos Wealth Management Inc. boosted its position in MongoDB by 79.7% during the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $304.97 on Thursday. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of -824.24, a PEG ratio of 1,260.86 and a beta of 1.55. The stock has a fifty day moving average of $337.11 and a two-hundred day moving average of $321.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. 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 forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 target price on shares of MongoDB in a report on Tuesday, May 26th. Stifel Nicolaus set a $435.00 price target on MongoDB in a research note on Friday, May 29th. Bank of America increased their price objective on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Mizuho raised their target price on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Oppenheimer lifted their target price 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. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $405.35.

Insider Buying and Selling

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB 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 sale, the chief financial officer owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% 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. Insiders sold 127,746 shares of company stock worth $47,343,538 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

About MongoDB

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.