Leonteq Securities AG Boosts Holdings in MongoDB, Inc. $MDB

Leonteq Securities AG boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 83.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,431 shares of the company’s stock after purchasing an additional 1,561 shares during the quarter. Leonteq Securities AG’s holdings in MongoDB were worth $840,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC grew its holdings in 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 acquiring an additional 1,504 shares during the period. Sivia Capital Partners LLC purchased a new position in MongoDB during the second quarter valued at approximately $329,000. Cresset Asset Management LLC raised its position in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,697 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Citigroup reaffirmed a “buy” rating on shares of MongoDB in a report on Monday, June 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 target price on shares of MongoDB in a research note on Tuesday, May 19th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Finally, Oppenheimer raised their price target on shares of MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. 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 stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $396.39.

Insiders Place Their Bets

In related news, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value 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 ownership of the stock. 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. Over the last quarter, insiders have sold 139,746 shares of company stock valued at $50,247,978. 2.60% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $354.88 on Friday. The business’s 50 day moving average price is $321.07 and its 200-day moving average price is $330.02. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The firm has a market capitalization of $28.54 billion, a price-to-earnings ratio of -959.14, a price-to-earnings-growth ratio of 1,279.90 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. 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, sell-side analysts expect that MongoDB, Inc. will post 0.02 earnings per share 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.