Oddo BHF Asset Management Sas Sells 42,119 Shares of MongoDB, Inc. $MDB

Oddo BHF Asset Management Sas decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 70.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,271 shares of the company’s stock after selling 42,119 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in MongoDB were worth $7,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avalon Global Asset Management LLC bought a new stake in MongoDB during the fourth quarter worth $10,492,000. Okabena Investment Services Inc. purchased a new stake in MongoDB in the 4th quarter valued at $1,836,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in MongoDB by 241.7% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 205 shares of the company’s stock valued at $86,000 after buying an additional 145 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in MongoDB by 16.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,319 shares of the company’s stock valued at $4,331,000 after buying an additional 1,420 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in MongoDB in the 4th quarter valued at $30,812,000. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 116,616 shares of company stock worth $41,956,174 in the last ninety days. Company insiders own 2.60% of the company’s stock.

MongoDB Trading Up 3.3%

MDB stock opened at $354.18 on Tuesday. The stock’s fifty day simple moving average is $298.04 and its two-hundred day simple moving average is $335.05. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The stock has a market cap of $28.49 billion, a P/E ratio of -957.24, a P/E/G ratio of 1,236.33 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’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. As a group, analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on MDB shares. Oppenheimer increased their price target on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price target on shares of MongoDB in a research report on Tuesday, May 19th. Wells Fargo & Company lowered their price target on MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of MongoDB in a research report on Friday, May 29th. Finally, Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Twenty-eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $396.39.

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.