MongoDB, Inc. $MDB Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 16.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,769 shares of the company’s stock after selling 1,330 shares during the period. Gradient Investments LLC’s holdings in MongoDB were worth $2,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its position 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 acquiring an additional 61 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter worth approximately $33,000. Root Financial Partners LLC raised its stake 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 period. CX Institutional raised its stake in MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Finally, Murphy & Mullick Capital Management Corp boosted its holdings in shares of MongoDB by 500.0% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 120 shares of the company’s stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDB shares. Needham & Company LLC boosted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Cantor Fitzgerald lifted their target price on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 target price on shares of MongoDB in a report on Tuesday, May 19th. Piper Sandler boosted their price target on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Wedbush upped their price target on MongoDB from $380.00 to $390.00 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 given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $405.35.

MongoDB Price Performance

MongoDB stock opened at $398.80 on Monday. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The firm has a fifty day moving average of $341.98 and a 200-day moving average of $315.20. The firm has a market capitalization of $32.08 billion, a P/E ratio of -1,077.84, a PEG ratio of 1,634.43 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share 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 analyst estimates of $664.53 million. During the same quarter in the previous year, the business posted $1.00 EPS. The business’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, research analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 983,316 shares in the company, valued at $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. The sale 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 Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the transaction, the director owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 125,746 shares of company stock valued at $46,763,418 over the last ninety days. Insiders own 2.60% of the company’s stock.

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.