Kornitzer Capital Management Inc. KS Buys Shares of 27,200 MongoDB, Inc. $MDB

Kornitzer Capital Management Inc. KS bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, Holdings Channel.com reports. The firm bought 27,200 shares of the company’s stock, valued at approximately $5,712,000.

A number of other hedge funds have also recently added to or reduced their stakes in MDB. Jericho Capital Asset Management L.P. acquired a new position in shares of MongoDB during the first quarter worth $161,543,000. Primecap Management Co. CA lifted its holdings in shares of MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of MongoDB during the first quarter worth $128,706,000. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of MongoDB by 425.6% during the first quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company’s stock worth $97,548,000 after purchasing an additional 450,336 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 1.1%

MDB opened at $333.57 on Friday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a market cap of $27.14 billion, a P/E ratio of -340.38 and a beta of 1.50. The company has a fifty day moving average price of $306.79 and a two-hundred day moving average price of $236.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. During the same period last year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Macquarie lifted their price target on shares of MongoDB from $265.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. Scotiabank lifted their price target on shares of MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a report on Friday, September 19th. Rosenblatt Securities restated a “buy” rating and issued a $290.00 target price on shares of MongoDB in a report on Friday, August 22nd. Citigroup restated an “outperform” rating on shares of MongoDB in a report on Friday, September 19th. Finally, Truist Financial boosted their target price on shares of MongoDB from $330.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $342.69.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $322.00, for a total value of $644,000.00. Following the completion of the sale, the director directly owned 508,896 shares of the company’s stock, valued at approximately $163,864,512. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director directly owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,828 shares of company stock valued at $34,482,846. 3.10% of the stock is owned by insiders.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.