Whittier Trust Co. Grows Stock Position in MongoDB, Inc. $MDB

Whittier Trust Co. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 3,586.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,975 shares of the company’s stock after buying an additional 34,999 shares during the period. Whittier Trust Co.’s holdings in MongoDB were worth $9,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of MongoDB in the fourth quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of MongoDB in the fourth quarter worth approximately $33,000. Root Financial Partners LLC grew its holdings in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in MongoDB in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $435.00 price target on shares of MongoDB in a research note on Friday, May 29th. Robert W. Baird upped their price objective on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Guggenheim reaffirmed a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research report on Friday, May 29th. Tigress Financial lifted their target price on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $396.39.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total transaction of $377,702.50. Following the transaction, the director directly owned 982,953 shares of the company’s stock, valued at approximately $328,552,040.25. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 139,746 shares of company stock worth $50,247,978. Insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

MongoDB stock traded up $4.45 during trading on Tuesday, reaching $362.36. 307,522 shares of the company’s stock were exchanged, compared to its average volume of 1,978,850. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of -978.80, a PEG ratio of 1,279.90 and a beta of 1.55. The company’s 50-day moving average is $323.07 and its two-hundred day moving average is $328.96.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating 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 company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

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.