MongoDB, Inc. $MDB Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,795 shares of the company’s stock after selling 14,439 shares during the quarter. Pictet Asset Management Holding SA’s holdings in MongoDB were worth $99,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after acquiring an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of MongoDB by 55.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after purchasing an additional 195,250 shares in the last quarter. Amundi lifted its position in shares of MongoDB by 17.8% during the first quarter. Amundi now owns 376,447 shares of the company’s stock valued at $92,143,000 after purchasing an additional 56,888 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MongoDB by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company’s stock valued at $91,514,000 after purchasing an additional 11,606 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in MongoDB by 125.3% during the first quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after purchasing an additional 204,446 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $327.37 on Tuesday. The company has a market capitalization of $26.37 billion, a P/E ratio of 461.08, a price-to-earnings-growth ratio of 29.90 and a beta of 1.74. The company’s 50-day moving average is $370.97 and its 200 day moving average is $336.99. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, research analysts predict that MongoDB, Inc. will post 0.50 earnings per share for the current year.

Insider Activity at MongoDB

In other news, Director Archana Agrawal sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director directly owned 4,328 shares of the company’s stock, valued at $1,731,200. This represents a 18.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $350.46, for a total transaction of $208,523.70. Following the sale, the director owned 44,642 shares of the company’s stock, valued at approximately $15,645,235.32. The trade was a 1.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,465 shares of company stock valued at $20,382,936 in the last three months. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stephens reduced their price objective on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 30th. Citizens Jmp reiterated a “market outperform” rating and issued a $519.00 price objective on shares of MongoDB in a research note on Wednesday, September 30th. Truist Financial lifted their target price on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley reissued an “overweight” rating on shares of MongoDB in a research report on Wednesday, September 30th. Finally, Stifel Nicolaus cut their target price on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $461.91.

About MongoDB

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.