Worthington Financial Partners LLC Purchases New Stake in MongoDB, Inc. $MDB

Worthington Financial Partners LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,825 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in MongoDB during the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its position 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 purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $33,000. Root Financial Partners LLC boosted its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

MongoDB stock opened at $332.75 on Friday. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The firm’s fifty day simple moving average is $304.76 and its 200-day simple moving average is $335.25. The company has a market capitalization of $26.76 billion, a P/E ratio of -899.32, a P/E/G ratio of 1,200.08 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last posted its 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. 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 for the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the business posted $1.00 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MDB. Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Oppenheimer lifted their target price on shares of MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Wedbush boosted their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Finally, Truist Financial dropped their price target on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Insider Activity at MongoDB

In related news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 137,616 shares of company stock worth $49,371,944 in the last 90 days. 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.