WJ Financial Advisors LLC Acquires 3,893 Shares of MongoDB, Inc. $MDB

WJ Financial Advisors LLC boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 110.4% in the first quarter, Holdings Channel.com reports. The fund owned 7,420 shares of the company’s stock after acquiring an additional 3,893 shares during the quarter. MongoDB comprises 1.5% of WJ Financial Advisors LLC’s portfolio, making the stock its 18th biggest holding. WJ Financial Advisors LLC’s holdings in MongoDB were worth $1,816,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MDB. Chicago Partners Investment Group LLC lifted its position in shares of MongoDB by 38.4% during the first quarter. Chicago Partners Investment Group LLC now owns 3,185 shares of the company’s stock worth $859,000 after purchasing an additional 884 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of MongoDB in the first quarter worth about $202,000. 180 Wealth Advisors LLC grew its holdings in shares of MongoDB by 47.3% in the first quarter. 180 Wealth Advisors LLC now owns 1,049 shares of the company’s stock worth $257,000 after purchasing an additional 337 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in MongoDB in the 1st quarter worth about $230,000. Finally, Fifth Third Bancorp increased its stake in MongoDB by 1,732.0% in the 1st quarter. Fifth Third Bancorp now owns 9,893 shares of the company’s stock worth $2,422,000 after buying an additional 9,353 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $337.97 on Tuesday. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The firm’s 50-day moving average is $332.64 and its two-hundred day moving average is $326.28. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of -913.43, a PEG ratio of 1,233.73 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s quarterly 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. On average, equities analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective 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. Morgan Stanley raised their target price on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Mizuho lifted their price target on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Tigress Financial boosted their price target on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.41.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the transaction, the director owned 25,444 shares of the company’s stock, valued at $8,754,008.20. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. This trade represents a 76.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 131,746 shares of company stock valued at $48,352,858 over the last quarter. 2.60% of the stock is owned by insiders.

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.