Westpac Banking Corp Purchases 1,490 Shares of MongoDB, Inc. $MDB

Westpac Banking Corp increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 709.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,700 shares of the company’s stock after buying an additional 1,490 shares during the period. Westpac Banking Corp’s holdings in MongoDB were worth $357,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC raised its position in MongoDB by 166.0% during the 2nd quarter. Intech Investment Management LLC now owns 8,697 shares of the company’s stock valued at $1,826,000 after purchasing an additional 5,428 shares during the last quarter. Creative Planning grew its position in shares of MongoDB by 52.0% in the 2nd quarter. Creative Planning now owns 11,488 shares of the company’s stock worth $2,412,000 after buying an additional 3,929 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of MongoDB by 13.3% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,555 shares of the company’s stock valued at $2,007,000 after buying an additional 1,119 shares during the period. Fiera Capital Corp raised its holdings in shares of MongoDB by 3.5% during the second quarter. Fiera Capital Corp now owns 313,314 shares of the company’s stock valued at $65,793,000 after acquiring an additional 10,643 shares in the last quarter. Finally, ABN Amro Investment Solutions bought a new position in shares of MongoDB during the second quarter valued at approximately $2,683,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $339.60 on Tuesday. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of -346.53 and a beta of 1.52. The business has a 50 day simple moving average of $332.84 and a two-hundred day simple moving average of $258.46. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $385.44.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of MongoDB in a report on Wednesday, October 8th. Stifel Nicolaus set a $375.00 price objective on MongoDB in a research report on Tuesday, November 4th. Royal Bank Of Canada boosted their target price on shares of MongoDB from $350.00 to $405.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Scotiabank lifted their price target on shares of MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $354.97.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the sale, the director owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a filing 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 stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 114,492 shares of company stock worth $36,448,119. 3.10% of the stock is owned by company insiders.

About MongoDB

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.