MongoDB, Inc. $MDB Shares Acquired by Virtu Financial LLC

Virtu Financial LLC grew its position in MongoDB, Inc. (NASDAQ:MDB) by 273.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,399 shares of the company’s stock after acquiring an additional 6,884 shares during the quarter. Virtu Financial LLC’s holdings in MongoDB were worth $3,944,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cramer Rosenthal Mcglynn LLC boosted its holdings in MongoDB by 897.7% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock valued at $17,938,000 after acquiring an additional 52,002 shares during the period. Kinetic Partners Management LP increased its stake in MongoDB by 27.2% during the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after purchasing an additional 41,810 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in MongoDB by 115.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after purchasing an additional 189,820 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of MongoDB by 69.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after purchasing an additional 141,755 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its position in shares of MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on MDB shares. DA Davidson reissued a “buy” rating and issued a $375.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Canaccord Genuity Group upped their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley increased their target price on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Piper Sandler raised their price target on shares of MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB Stock Performance

Shares of MDB opened at $332.75 on Friday. The stock has a 50-day simple moving average of $303.12 and a 200-day simple moving average of $335.27. The stock has a market capitalization of $26.76 billion, a PE ratio of -899.32, a PEG ratio of 1,207.08 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 announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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 company posted $1.00 earnings per share. The business’s revenue for the quarter 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. Analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $353.91, for a total value of $3,539,100.00. Following the sale, the director directly owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the sale, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,616 shares of company stock worth $49,371,944 over the last three months. Insiders own 2.60% of the company’s stock.

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.