MongoDB, Inc. $MDB Stock: Eurizon Capital SGR S.p.A. Trims Position

Eurizon Capital SGR S.p.A. reduced its holdings in MongoDB, Inc. (NASDAQ:MDB) by 50.9% in the 3rd quarter, Holdings Channel reports. The fund owned 156,060 shares of the company’s stock after selling 161,838 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in MongoDB were worth $53,910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased 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 valued at $135,922,000 after buying an additional 1,852 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of MongoDB by 19.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 337,780 shares of the company’s stock worth $118,807,000 after acquiring an additional 54,907 shares in the last quarter. Amundi grew its stake in MongoDB by 17.8% in the first quarter. Amundi now owns 376,447 shares of the company’s stock valued at $92,143,000 after purchasing an additional 56,888 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in MongoDB by 3.2% in the first 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 position in MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after purchasing an additional 204,446 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $334.20 on Friday. The firm has a market capitalization of $26.92 billion, a P/E ratio of 470.70, a P/E/G ratio of 30.93 and a beta of 1.74. The stock has a fifty day moving average price of $364.90 and a two-hundred day moving average price of $335.58. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10.

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

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. BTIG Research started coverage on shares of MongoDB in a research report on Tuesday. They set a “buy” rating and a $417.00 price objective on the stock. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Scotiabank reissued a “sector outperform” rating and set a $450.00 target price (up from $440.00) on shares of MongoDB in a research report on Thursday, October 8th. The Goldman Sachs Group boosted their price target on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, UBS Group lowered their price objective on MongoDB from $410.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $460.59.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 9,275 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $347.17, for a total value of $3,220,001.75. Following the sale, the director directly owned 72,987 shares in the company, valued at $25,338,896.79. This trade represents a 11.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $350.46, for a total transaction of $208,523.70. Following the completion of the sale, the director 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 42,465 shares of company stock valued at $15,677,036. 2.60% of the stock is owned by company insiders.

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.