China Universal Asset Management Co. Ltd. Acquires New Shares in MongoDB, Inc. $MDB

China Universal Asset Management Co. Ltd. bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,400 shares of the company’s stock, valued at approximately $809,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its holdings in MongoDB by 3.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,001 shares of the company’s stock worth $349,000 after buying an additional 31 shares in the last quarter. Moody National Bank Trust Division raised its holdings in MongoDB by 3.1% in the second quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after purchasing an additional 34 shares during the period. Basecamp Wealth Advisors LLC lifted its holdings in MongoDB by 14.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after acquiring an additional 36 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in MongoDB by 27.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after purchasing an additional 38 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of MongoDB by 4.9% in the 3rd quarter. Brookstone Capital Management now owns 836 shares of the company’s stock valued at $291,000 after purchasing an additional 39 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 595 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of the sale, the director owned 45,237 shares of the company’s stock, valued at $16,459,482.45. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,595 shares of company stock valued at $13,465,211 over the last ninety days. Company insiders own 2.60% of the company’s stock.

MongoDB Stock Down 8.3%

MongoDB stock opened at $352.96 on Friday. The company has a market capitalization of $28.43 billion, a P/E ratio of 497.13, a P/E/G ratio of 32.13 and a beta of 1.74. The firm has a 50 day moving average price of $382.82 and a 200-day moving average price of $339.06. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the prior year, the company earned $1.00 EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities analysts expect that MongoDB, Inc. will post 0.50 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities upped their target price on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Wells Fargo & Company boosted their target price on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. KGI Securities started coverage on MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $465.00 target price on shares of MongoDB in a research note on Wednesday, September 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of MongoDB in a research note on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $461.91.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.