20,750 Shares in MongoDB, Inc. $MDB Bought by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,750 shares of the company’s stock, valued at approximately $8,694,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Integrated Wealth Concepts LLC raised its stake in MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of MongoDB during the second quarter worth about $329,000. Cresset Asset Management LLC grew its holdings in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after acquiring an additional 370 shares during the period. Finally, Cerity Partners LLC grew its holdings in MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after acquiring an additional 2,697 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on MDB shares. Morgan Stanley raised their target price on MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Robert W. Baird lifted their price objective on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. UBS Group lifted their target price on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Barclays lifted their target price on MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Tigress Financial boosted their price objective on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Twenty-eight equities 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 stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $396.39.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $348.92, for a total transaction of $2,093,520.00. Following the completion of the sale, the director directly owned 464,896 shares of the company’s stock, valued at $162,211,512.32. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the sale, the chief financial officer directly owned 6,500 shares of the company’s stock, valued at approximately $2,318,095. This represents a 43.48% 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. In the last three months, insiders sold 137,616 shares of company stock worth $49,371,944. Corporate insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $334.69 on Thursday. The stock has a 50-day simple moving average of $301.54 and a 200-day simple moving average of $335.27. The stock has a market cap of $26.92 billion, a P/E ratio of -904.57, a P/E/G ratio of 1,258.00 and a beta of 1.57. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share 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 business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the previous year, the business earned $1.00 EPS. The business’s quarterly 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. On average, equities research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

About MongoDB

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.