29,888 Shares of MongoDB, Inc. $MDB Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 29,888 shares of the company’s stock, valued at approximately $10,419,000.

Several other institutional investors also recently bought and sold shares of MDB. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB during the second quarter valued at approximately $34,000. NBH Bank purchased a new position in shares of MongoDB in the second quarter valued at approximately $34,000. CX Institutional boosted its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of MongoDB in the first quarter worth approximately $34,000. Finally, WPG Advisers LLC boosted its stake in shares of MongoDB by 49.1% in the third quarter. WPG Advisers LLC now owns 167 shares of the company’s stock worth $58,000 after acquiring an additional 55 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDB has been the subject of several recent research reports. Robert W. Baird increased their price objective on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Mizuho set a $460.00 price objective on MongoDB in a report on Tuesday, September 29th. Oppenheimer lifted their target price on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Wells Fargo & Company upped their target price on shares of MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $450.00 target price (up from $440.00) on shares of MongoDB in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $461.91.

MongoDB Stock Performance

Shares of MongoDB stock opened at $328.38 on Thursday. The business’s 50 day moving average price is $377.94 and its 200 day moving average price is $338.09. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 462.51, a PEG ratio of 30.53 and a beta of 1.74. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The company had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the prior year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. 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, analysts predict that MongoDB, Inc. will post 0.50 EPS for the current fiscal year.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Zacks added MDB to its Rank #1 (Strong Buy) growth-stocks list for November 4, a favorable analyst-screening signal. Best Growth Stocks to Buy for November 4th
• Neutral Sentiment: MongoDB appointed Alex Newman to lead its Australia and New Zealand business. The leadership change could support regional execution, but no expected financial impact was reported. MongoDB appoints Alex Newman to lead Australia and New Zealand business
• Negative Sentiment: Directors reported share sales totaling about 19,870 shares on November 2. The transactions were made under pre-arranged Rule 10b5-1 plans, which may temper concern, and the directors retained substantial holdings. Director transaction filing
• Negative Sentiment: Coverage noted MongoDB shares falling alongside Snowflake and Akamai, suggesting weakness across some technology peers; the report did not identify a specific MongoDB catalyst. Snowflake, MongoDB, and Akamai shares are falling
• Negative Sentiment: MongoDB stock dipped while the broader market gained, indicating relative weakness in the session. MongoDB Stock Dips While Market Gains

Insider Activity

In related news, Director Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the completion of the sale, the director directly owned 44,642 shares in the company, valued at approximately $15,645,235.32. This trade represents a 1.32% decrease in their ownership of the stock. 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 dated Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total transaction of $400,000.00. Following the transaction, the director directly owned 4,328 shares in the company, valued at $1,731,200. This trade represents a 18.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,465 shares of company stock valued at $20,382,936 in the last ninety days. 2.60% of the stock is currently owned by company insiders.

MongoDB Profile

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.