Swiss National Bank Purchases 16,120 Shares of MongoDB, Inc. $MDB

Swiss National Bank increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 7.2% during the first quarter, Holdings Channel reports. The institutional investor owned 238,840 shares of the company’s stock after purchasing an additional 16,120 shares during the period. Swiss National Bank’s holdings in MongoDB were worth $58,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings 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 buying an additional 189,820 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings 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 valued at $145,029,000 after buying an additional 141,755 shares during the last quarter. Fiera Capital Corp increased its position in shares of MongoDB by 33.6% during the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of MongoDB by 611.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after acquiring an additional 614,559 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of MongoDB by 12,467.7% in the 4th quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock worth $135,872,000 after acquiring an additional 321,168 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,130 shares of MongoDB stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total transaction of $377,702.50. Following the sale, the director directly owned 982,953 shares in the company, valued at approximately $328,552,040.25. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 127,746 shares of company stock valued at $47,343,538 in the last ninety days. Insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $307.65 on Wednesday. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The firm’s 50-day simple moving average is $337.07 and its 200 day simple moving average is $321.91. The stock has a market cap of $24.74 billion, a PE ratio of -831.49, a price-to-earnings-growth ratio of 1,325.25 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter last year, the business posted $1.00 EPS. The company’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. As a group, analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Needham & Company LLC boosted their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a research note on Tuesday, May 26th. Barclays raised their target price on MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Oppenheimer lifted their target price on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.35.

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.