MongoDB, Inc. $MDB Stock Holdings Increased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 245.9% in the first quarter, Holdings Channel.com reports. The fund owned 26,342 shares of the company’s stock after buying an additional 18,727 shares during the quarter. Mediolanum International Funds Ltd’s holdings in MongoDB were worth $6,196,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MDB. Cornerstone Planning Group LLC boosted its holdings in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of MongoDB during the fourth quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the fourth quarter valued at approximately $33,000. Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $38,000. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at approximately $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the transaction, the director directly owned 29,326 shares in the company, valued at $10,264,100. The trade was a 3.30% 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. Over the last ninety days, insiders have sold 127,746 shares of company stock valued at $47,343,538. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MDB shares. Piper Sandler lifted their price objective on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. BMO Capital Markets increased their target price on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of MongoDB in a research report on Friday, May 29th. Tigress Financial lifted their price target on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Truist Financial lifted their price target on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $405.35.

MongoDB Stock Up 3.5%

Shares of MDB opened at $323.36 on Tuesday. The firm has a market cap of $26.01 billion, a price-to-earnings ratio of -873.95, a price-to-earnings-growth ratio of 1,126.44 and a beta of 1.55. The company’s fifty day moving average is $337.09 and its 200-day moving average is $322.70. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The business 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%. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

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.