3,252 Shares in MongoDB, Inc. $MDB Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,252 shares of the company’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its position in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after purchasing an additional 327 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth $329,000. Cresset Asset Management LLC raised its position in shares of MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after buying an additional 370 shares during the period. Finally, Cerity Partners LLC raised its position in shares of MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after buying an additional 2,697 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MDB. DA Davidson reiterated a “buy” rating and issued a $375.00 target price on shares of MongoDB in a report on Friday, May 29th. Truist Financial upped their price target on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Canaccord Genuity Group raised their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Tigress Financial lifted their price objective on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $405.35.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director directly owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. This represents a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 127,746 shares of company stock valued at $47,343,538. 2.60% of the stock is owned by company insiders.

MongoDB Stock Performance

MDB stock opened at $312.33 on Friday. The firm has a market cap of $25.12 billion, a P/E ratio of -844.14, a price-to-earnings-growth ratio of 1,126.45 and a beta of 1.55. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The stock has a 50-day simple moving average of $336.51 and a 200-day simple moving average of $324.09.

MongoDB (NASDAQ:MDB) last released 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 firm 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%.MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts predict that MongoDB, Inc. will post 0.02 EPS 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.