MongoDB, Inc. $MDB Stake Raised by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 78.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,118 shares of the company’s stock after acquiring an additional 3,569 shares during the period. Pacer Advisors Inc.’s holdings in MongoDB were worth $3,407,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in MongoDB during the fourth quarter worth approximately $28,000. Huntington National Bank boosted its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB in the fourth quarter worth approximately $33,000. Finally, Root Financial Partners LLC grew its position in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Roelof Botha sold 44,050 shares of the business’s 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 sale, the director directly owned 150,550 shares in the company, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 139,182 shares of company stock valued at $49,910,727 in the last quarter. 2.60% of the stock is currently owned by insiders.

MongoDB Trading Up 0.6%

Shares of MDB stock opened at $320.97 on Wednesday. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The firm’s fifty day simple moving average is $308.46 and its 200 day simple moving average is $334.11. The firm has a market capitalization of $25.82 billion, a P/E ratio of -867.49, a price-to-earnings-growth ratio of 1,151.07 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities research analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research reports. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of MongoDB in a report on Friday, May 29th. Guggenheim reaffirmed a “buy” rating and set a $475.00 target price on shares of MongoDB in a research report on Friday, May 29th. Tigress Financial boosted their target price on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Needham & Company LLC reaffirmed 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently 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.