MongoDB, Inc. $MDB Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 168.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,560 shares of the company’s stock after purchasing an additional 1,605 shares during the period. Janney Montgomery Scott LLC’s holdings in MongoDB were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Pictet Asset Management Holding SA lifted its stake in MongoDB by 33.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 390,253 shares of the company’s stock valued at $95,516,000 after buying an additional 97,002 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in MongoDB by 8.8% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 7,400 shares of the company’s stock worth $1,811,000 after buying an additional 600 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in MongoDB by 21.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,962 shares of the company’s stock worth $480,000 after buying an additional 351 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of MongoDB during the first quarter valued at approximately $284,000. Finally, Blue Trust Inc. raised its holdings in shares of MongoDB by 5.5% during the first quarter. Blue Trust Inc. now owns 1,922 shares of the company’s stock valued at $470,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the sale, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dev Ittycheria sold 40,000 shares of the 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 sale, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 131,746 shares of company stock worth $48,352,858. 2.60% of the stock is owned by insiders.

MongoDB Trading Up 2.0%

Shares of NASDAQ MDB opened at $344.67 on Wednesday. The stock has a market cap of $27.72 billion, a P/E ratio of -931.54, a PEG ratio of 1,218.91 and a beta of 1.55. The business’s fifty day simple moving average is $334.20 and its 200-day simple moving average is $325.64. MongoDB, Inc. has a 12-month low of $198.47 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $664.53 million. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. 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 analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MDB shares. Needham & Company LLC raised their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Stifel Nicolaus set a $435.00 price objective on MongoDB in a research note on Friday, May 29th. Morgan Stanley raised their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Truist Financial lifted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings lowered shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $400.41.

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.