MongoDB, Inc. $MDB Shares Newly Bought by Virtue Capital Management LLC

Virtue Capital Management LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,747 shares of the company’s stock, valued at approximately $609,000.

Other hedge funds have also made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new position in MongoDB in the 1st quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB in the 2nd quarter worth approximately $34,000. NBH Bank purchased a new stake in MongoDB in the 2nd quarter worth approximately $34,000. CX Institutional lifted its position in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Finally, WPG Advisers LLC boosted its stake in shares of MongoDB by 49.1% during the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock valued at $58,000 after buying an additional 55 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the sale, the director directly owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. The trade was a 18.77% 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 have sold a total of 32,595 shares of company stock worth $13,465,211 over the last quarter. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MDB. Royal Bank Of Canada restated an “outperform” rating and set a $465.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Evercore reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, September 24th. KGI Securities assumed coverage on MongoDB in a report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price objective for the company. DA Davidson reduced their price objective on MongoDB from $465.00 to $415.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Finally, Weiss Ratings cut MongoDB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $461.91.

MongoDB Stock Performance

Shares of MDB opened at $330.43 on Tuesday. The firm has a market cap of $26.62 billion, a PE ratio of 1,710.61, a PEG ratio of 35.82 and a beta of 1.74. The firm’s 50 day moving average price is $380.82 and its 200 day moving average price is $338.66. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.