Mandatum Life Insurance Co Ltd Invests $1.25 Million in MongoDB, Inc. $MDB

Mandatum Life Insurance Co Ltd acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the first quarter, Holdings Channel reports. The firm acquired 5,100 shares of the company’s stock, valued at approximately $1,248,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. boosted its stake in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp lifted its holdings in MongoDB by 2.3% in the 4th 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 during the last quarter. Amundi lifted its holdings in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after purchasing an additional 9,693 shares in the last quarter. Finally, Norges Bank bought a new position in shares of MongoDB during the 4th quarter valued at about $574,821,000. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDB. Truist Financial boosted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Robert W. Baird lifted their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Needham & Company LLC increased their price objective 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. Finally, Morgan Stanley lifted their target price on MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $400.41.

MongoDB Stock Performance

MongoDB stock opened at $344.67 on Wednesday. The company has a 50 day moving average price of $334.20 and a 200 day moving average price of $325.64. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of -931.54, a P/E/G ratio of 1,218.91 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) 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 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 company’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned $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 analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Activity

In other MongoDB news, Director Roelof Botha sold 44,050 shares of MongoDB 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 of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the transaction, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 131,746 shares of company stock valued at $48,352,858 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

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.