MongoDB, Inc. $MDB Holdings Reduced by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 46.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,328 shares of the company’s stock after selling 4,684 shares during the quarter. Sterling Capital Management LLC’s holdings in MongoDB were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Clark Financial Services Group Inc. BD boosted its position in shares of MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after buying an additional 25 shares during the period. Root Financial Partners LLC increased its position in MongoDB by 58.2% in the 4th 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. True Wealth Design LLC raised its stake in MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after acquiring an additional 36 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after acquiring an additional 36 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after acquiring an additional 36 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 7.7%

Shares of MDB stock opened at $338.18 on Tuesday. The stock has a 50-day simple moving average of $314.14 and a 200 day simple moving average of $331.37. The stock has a market capitalization of $27.20 billion, a P/E ratio of -914.00, a P/E/G ratio of 1,132.50 and a beta of 1.57. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72.

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. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company 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 company earned $1.00 EPS. MongoDB’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. On average, sell-side analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDB. Wells Fargo & Company decreased their price target on MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Guggenheim reissued a “buy” rating and set a $475.00 target price on shares of MongoDB in a research note 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. DA Davidson reaffirmed a “buy” rating and issued a $375.00 price target on shares of MongoDB in a research note on Friday, May 29th. Finally, Mizuho increased their price objective on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the sale, the director directly owned 25,444 shares of the company’s stock, valued at $8,754,008.20. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’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 owned 150,550 shares of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 139,182 shares of company stock valued at $49,910,727. Corporate insiders own 2.60% of the company’s stock.

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.