Harvest Fund Management Co. Ltd Grows Stake in MongoDB, Inc. $MDB

Harvest Fund Management Co. Ltd grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 5,701.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,136 shares of the company’s stock after buying an additional 7,013 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MongoDB were worth $2,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MDB. ValueAct Holdings L.P. lifted its holdings in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares during the period. Norges Bank purchased a new stake in MongoDB in the 4th quarter worth approximately $574,821,000. AQR Capital Management LLC lifted its holdings in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after buying an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. lifted its holdings in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after buying an additional 852,540 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in MongoDB by 162.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after buying an additional 678,746 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 76,616 shares of company stock valued at $26,629,774. Corporate insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $350.74 on Friday. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The firm has a market capitalization of $28.19 billion, a P/E ratio of -947.95 and a beta of 1.57. The stock has a 50 day moving average price of $285.37 and a 200-day moving average price of $334.35.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the prior year, the company earned $1.00 EPS. The business’s 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 analysts forecast that MongoDB, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a report on Tuesday, May 26th. Guggenheim reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a report on Friday, May 29th. Bank of America increased their price objective on MongoDB from $375.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $394.45.

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.