MongoDB, Inc. $MDB Stock Sold by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 252,296 shares of the company’s stock after selling 28,285 shares during the quarter. Candriam S.C.A. owned approximately 0.31% of MongoDB worth $88,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC bought a new stake in MongoDB in the second quarter valued at $34,000. NBH Bank purchased a new position in MongoDB during the 2nd quarter valued at $34,000. CX Institutional raised its holdings in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in MongoDB in the 1st quarter worth $34,000. Finally, WPG Advisers LLC raised its holdings in MongoDB by 49.1% in the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock worth $58,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director directly owned 28,326 shares in the company, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 9,275 shares of MongoDB stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $347.17, for a total transaction of $3,220,001.75. Following the transaction, the director owned 72,987 shares of the company’s stock, valued at $25,338,896.79. The trade was a 11.27% decrease in their ownership of the stock. 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 have sold a total of 52,465 shares of company stock worth $20,382,936 in the last ninety days. 2.60% of the stock is owned by company insiders.

MongoDB Trading Up 2.7%

Shares of MDB stock opened at $312.83 on Friday. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10. The stock has a market cap of $25.20 billion, a PE ratio of 440.61, a price-to-earnings-growth ratio of 28.48 and a beta of 1.74. The company’s fifty day moving average price is $373.35 and its 200-day moving average price is $337.26.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same period last year, the business earned $1.00 EPS. MongoDB’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $430.00 target price on shares of MongoDB in a research report on Tuesday, October 13th. Stifel Nicolaus reduced their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Evercore reissued an “outperform” rating on shares of MongoDB in a research note on Thursday, September 24th. Guggenheim restated a “buy” rating and issued a $560.00 price objective on shares of MongoDB in a report on Tuesday, September 29th. Finally, Canaccord Genuity Group lifted their price objective on MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $461.91.

MongoDB Company Profile

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.