MongoDB (NASDAQ:MDB) Director Roelof Botha Sells 44,050 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) 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 value of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Stock Up 3.2%

Shares of NASDAQ MDB opened at $380.18 on Friday. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72. The stock’s 50 day moving average price is $283.29 and its 200-day moving average price is $334.24. The company has a market capitalization of $30.56 billion, a PE ratio of -1,027.51 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, research analysts expect that MongoDB, Inc. will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the business. Caerus Investment Advisors LLC increased its position in shares of MongoDB by 19.4% during the first quarter. Caerus Investment Advisors LLC now owns 819 shares of the company’s stock valued at $200,000 after acquiring an additional 133 shares in the last quarter. Groupama Asset Managment grew its position in shares of MongoDB by 2.2% during the 1st quarter. Groupama Asset Managment now owns 15,147 shares of the company’s stock valued at $3,708,000 after acquiring an additional 325 shares during the period. Bank of America Corp DE grew its position in shares of MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after acquiring an additional 1,852 shares during the period. Centaurus Financial Inc. lifted its stake in shares of MongoDB by 9.5% during the 1st quarter. Centaurus Financial Inc. now owns 2,319 shares of the company’s stock valued at $568,000 after buying an additional 202 shares in the last quarter. Finally, Bull Harbor Capital LLC purchased a new position in shares of MongoDB during the 1st quarter valued at $674,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Robert W. Baird upped their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Bank of America upped their target price on shares of MongoDB from $375.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Finally, BMO Capital Markets upped their price target on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $394.45.

MongoDB Company 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.