4,762 MongoDB, Inc. $MDB Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 13.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 41,491 shares of the company’s stock after acquiring an additional 4,762 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of MongoDB worth $14,464,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bank of America Corp DE boosted its stake in MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after purchasing an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after purchasing an additional 195,250 shares during the last quarter. Amundi grew its position in MongoDB by 17.8% during the 1st quarter. Amundi now owns 376,447 shares of the company’s stock worth $92,143,000 after purchasing an additional 56,888 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in MongoDB by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company’s stock valued at $91,514,000 after purchasing an additional 11,606 shares in the last quarter. Finally, Sei Investments Co. increased its stake in MongoDB by 125.3% during the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock valued at $89,979,000 after purchasing an additional 204,446 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares in the company, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.46, for a total value of $208,523.70. Following the transaction, the director owned 44,642 shares of the company’s stock, valued at $15,645,235.32. The trade was a 1.32% 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 a total of 52,465 shares of company stock valued at $20,382,936 in the last three months. Company insiders own 2.60% of the company’s stock.

MongoDB Trading Up 1.8%

Shares of NASDAQ MDB opened at $338.12 on Thursday. The company has a 50 day simple moving average of $366.62 and a two-hundred day simple moving average of $336.32. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 476.23, a PEG ratio of 30.22 and a beta of 1.74. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Analysts forecast that MongoDB, Inc. will post 0.50 EPS for the current year.

Analyst Ratings Changes

MDB has been the topic of several research reports. Canaccord Genuity Group upped their target price on MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Mizuho set a $460.00 target price on MongoDB in a research note on Tuesday, September 29th. Scotiabank reaffirmed a “sector outperform” rating and set a $450.00 price target (up from $440.00) on shares of MongoDB in a research report on Thursday, October 8th. Oppenheimer boosted their price target on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Monness Crespi & Hardt increased their price objective on MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $460.59.

MongoDB Company Profile

MongoDB, Inc. develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases. The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.