MongoDB, Inc. $MDB Stock Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 82.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 43,630 shares of the company’s stock after selling 207,850 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in MongoDB were worth $15,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MDB. Smallwood Wealth Investment Management LLC acquired a new position in MongoDB during the 2nd quarter worth about $34,000. NBH Bank bought a new stake in MongoDB during the 2nd quarter worth about $34,000. CX Institutional grew its holdings in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB in the 1st quarter valued at about $34,000. Finally, WPG Advisers LLC increased its position in MongoDB by 49.1% in the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock valued at $58,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB traded down $5.58 during mid-day trading on Friday, hitting $334.20. The company had a trading volume of 698,231 shares, compared to its average volume of 1,453,830. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The business’s fifty day moving average is $364.90 and its two-hundred day moving average is $335.58. The firm has a market cap of $26.92 billion, a P/E ratio of 470.70, a P/E/G ratio of 30.93 and a beta of 1.74.

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

Insiders Place Their Bets

In related news, Director Dwight Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $359.97, for a total value of $3,599,700.00. Following the completion of the transaction, the director directly owned 952,953 shares in the company, valued at approximately $343,034,491.41. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the transaction, the director owned 4,328 shares of the company’s stock, valued at $1,731,200. This represents a 18.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 42,465 shares of company stock worth $15,677,036. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDB. Cantor Fitzgerald reiterated an “overweight” rating and set a $540.00 target price on shares of MongoDB in a research report on Friday, October 2nd. Robert W. Baird raised their price target on shares of MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Canaccord Genuity Group boosted their price objective on shares of MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Rosenblatt Securities upped their price objective on MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Finally, Yorkville Ives initiated coverage on MongoDB in a report on Tuesday, October 6th. They set an “outperform” rating and a $430.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $460.59.

MongoDB Profile

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.