Arthedge Capital Management LLC Has $10.74 Million Position in MongoDB, Inc. $MDB

Arthedge Capital Management LLC decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,600 shares of the company’s stock after selling 4,600 shares during the period. MongoDB comprises approximately 7.0% of Arthedge Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Arthedge Capital Management LLC’s holdings in MongoDB were worth $10,744,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cramer Rosenthal Mcglynn LLC grew its holdings in MongoDB by 897.7% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after purchasing an additional 52,002 shares during the last quarter. Kinetic Partners Management LP grew its holdings in MongoDB by 27.2% in the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after purchasing an additional 41,810 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after purchasing an additional 189,820 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in MongoDB by 5.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 28,936 shares of the company’s stock worth $8,981,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in MongoDB by 69.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after purchasing an additional 141,755 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $348.92, for a total value of $2,093,520.00. Following the sale, the director directly owned 464,896 shares of the company’s stock, valued at approximately $162,211,512.32. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director directly owned 27,010 shares in the company, valued at approximately $9,453,500. The trade was a 3.57% 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. Insiders sold 137,616 shares of company stock valued at $49,371,944 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MDB has been the topic of several analyst reports. Sanford C. Bernstein lowered shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Guggenheim reaffirmed a “buy” rating and issued a $475.00 price target on shares of MongoDB in a report on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and issued a $366.00 target price on shares of MongoDB in a research report on Friday, May 29th. Bank of America upped their target price on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Truist Financial cut their target price on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

MongoDB Price Performance

NASDAQ MDB opened at $334.69 on Thursday. The stock’s fifty day moving average price is $301.54 and its 200 day moving average price is $335.27. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72. The company has a market cap of $26.92 billion, a price-to-earnings ratio of -904.57, a PEG ratio of 1,258.00 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the firm earned $1.00 EPS. The firm’s 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. Research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current year.

MongoDB 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.