Rockefeller Capital Management L.P. Has $5.72 Million Holdings in MongoDB, Inc. $MDB

Rockefeller Capital Management L.P. increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 198.2% during the fourth quarter, Holdings Channel reports. The fund owned 13,638 shares of the company’s stock after purchasing an additional 9,065 shares during the period. Rockefeller Capital Management L.P.’s holdings in MongoDB were worth $5,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ValueAct Holdings L.P. raised its position in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. State Street Corp grew its holdings in shares of MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi increased its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after buying an additional 9,693 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in shares of MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 7.0%

Shares of NASDAQ MDB opened at $314.71 on Friday. 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 $312.40 and its 200-day moving average is $332.51. The firm has a market capitalization of $25.31 billion, a PE ratio of -850.56, a price-to-earnings-growth ratio of 1,060.69 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $664.53 million. During the same period in the previous year, the firm posted $1.00 earnings per share. MongoDB’s revenue for the quarter 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. As a group, equities research analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MDB. Guggenheim reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Friday, May 29th. Citigroup reaffirmed a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Bank of America upped their target price on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Wells Fargo & Company decreased their price target on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Finally, Tigress Financial raised their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

Insider Activity

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. The trade was a 76.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the company’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 sale, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 139,182 shares of company stock worth $49,910,727. Corporate insiders own 2.60% of the company’s stock.

MongoDB 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.