Worthington Financial Partners LLC Acquires New Holdings in MongoDB, Inc. $MDB

Worthington Financial Partners LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,825 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the fourth quarter valued at approximately $28,000. Huntington National Bank boosted its holdings in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB in the fourth quarter valued at approximately $33,000. Finally, Root Financial Partners LLC increased its stake in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director directly owned 27,010 shares of the company’s stock, valued at $9,453,500. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of MongoDB stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director directly owned 150,550 shares in the company, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 137,616 shares of company stock worth $49,371,944. 2.60% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $332.75 on Friday. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of -899.32, a PEG ratio of 1,200.08 and a beta of 1.57. The stock’s fifty day simple moving average is $304.76 and its 200 day simple moving average is $335.25. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 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 business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the business posted $1.00 earnings per share. MongoDB’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. As a group, analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Bank of America upped their price objective on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday, June 8th. Oppenheimer lifted their target price on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. The Goldman Sachs Group dropped their price target on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price target on shares of MongoDB in a report on Tuesday, May 26th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $396.39.

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.