NewEdge Wealth LLC Raises Stake in MongoDB, Inc. $MDB

NewEdge Wealth LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 924.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,117 shares of the company’s stock after acquiring an additional 6,422 shares during the period. NewEdge Wealth LLC’s holdings in MongoDB were worth $1,742,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MDB. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of MongoDB by 115.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after buying an additional 189,820 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of MongoDB by 69.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after acquiring an additional 141,755 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of MongoDB by 33.6% in the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after acquiring an additional 46,051 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in MongoDB by 611.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after acquiring an additional 614,559 shares during the period. Finally, M&T Bank Corp boosted its holdings in MongoDB by 12,467.7% during the 4th quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock valued at $135,872,000 after acquiring an additional 321,168 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

NASDAQ MDB opened at $298.22 on Monday. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The stock has a 50 day simple moving average of $336.75 and a two-hundred day simple moving average of $319.53. The stock has a market cap of $23.99 billion, a P/E ratio of -806.00, a price-to-earnings-growth ratio of 1,222.21 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted 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 firm had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business’s revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Sell-side analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director directly owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. 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 have sold a total of 127,746 shares of company stock valued at $47,343,538 over the last quarter. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday. Guggenheim restated a “buy” rating and issued a $475.00 target price on shares of MongoDB in a report on Friday, May 29th. Monness Crespi & Hardt upped their price target on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, BMO Capital Markets increased their price target on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB 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.