PensionDanmark Pensionsforsikringsaktieselskab Has $6.99 Million Stock Holdings in MongoDB, Inc. $MDB

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 48.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,810 shares of the company’s stock after acquiring an additional 6,819 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in MongoDB were worth $6,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ValueAct Holdings L.P. increased its stake in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. Norges Bank purchased a new stake in MongoDB during the fourth quarter valued at about $574,821,000. AQR Capital Management LLC lifted its stake in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of MongoDB by 611.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after buying an additional 614,559 shares during the period. Finally, Amundi boosted its holdings in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the transaction, the director directly owned 25,444 shares in the company, valued at $8,754,008.20. The trade was a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of the transaction, the director directly owned 983,316 shares in the company, valued at $348,005,365.56. This trade represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 125,746 shares of company stock worth $46,763,418 over the last 90 days. 2.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MDB stock opened at $398.80 on Friday. The stock has a market cap of $32.08 billion, a P/E ratio of -1,077.84, a P/E/G ratio of 1,634.43 and a beta of 1.55. The firm has a 50 day simple moving average of $341.98 and a 200 day simple moving average of $315.79. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Sell-side analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MDB shares. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. 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. Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research note on Friday, May 29th. Finally, Needham & Company LLC increased their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $405.35.

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.