Delta Global Management LP Has $13.86 Million Position in MongoDB, Inc. $MDB

Delta Global Management LP cut its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 13.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,632 shares of the company’s stock after selling 9,065 shares during the quarter. Delta Global Management LP’s holdings in MongoDB were worth $13,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ValueAct Holdings L.P. boosted its position in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares during the last quarter. State Street Corp raised its holdings in shares of MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi raised 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 valued at $477,550,000 after purchasing an additional 563,995 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of MongoDB in the fourth quarter worth $574,821,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 0.3%

NASDAQ:MDB opened at $298.22 on Friday. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72. The firm has a fifty day simple moving average of $336.75 and a 200 day simple moving average of $320.24. The stock has a market capitalization of $23.99 billion, a PE ratio of -806.00, a P/E/G ratio of 1,222.21 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (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 net margin of 1.12% and a negative return on equity of 1.39%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the transaction, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the transaction, the director owned 993,316 shares of the company’s stock, valued at $295,998,234.84. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,746 shares of company stock worth $47,343,538 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $366.00 target price on shares of MongoDB in a research report on Friday, May 29th. Guggenheim reissued a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Friday, May 29th. Bank of America increased their price objective on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Rosenblatt Securities restated a “buy” rating and set a $385.00 price objective on shares of MongoDB in a research note on Tuesday, May 26th. Finally, Tigress Financial raised their price objective on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $405.35.

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.