Stableford Capital II LLC Takes Position in MongoDB, Inc. $MDB

Stableford Capital II LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,162 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds also recently made changes to their positions in the company. ValueAct Holdings L.P. boosted its stake in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp raised its position in MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi raised its holdings in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $604,429,000 after buying an additional 9,693 shares during the last quarter. Finally, Norges Bank acquired a new stake in MongoDB in the 4th quarter worth approximately $574,821,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $357.97 on Tuesday. The stock has a market cap of $28.79 billion, a P/E ratio of -967.49, a price-to-earnings-growth ratio of 1,383.11 and a beta of 1.55. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The stock has a fifty day moving average price of $336.74 and a 200 day moving average price of $315.56.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities research analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on MDB. BMO Capital Markets boosted their target price on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Barclays lifted their price objective on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Mizuho boosted their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Finally, KGI Securities assumed coverage on MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $405.35.

Insider Transactions at MongoDB

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Berry sold 5,000 shares of the business’s 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 transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% 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. In the last ninety days, insiders have sold 127,746 shares of company stock valued at $47,343,538. Corporate 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.