Candriam S.C.A. Has $52.15 Million Position in MongoDB, Inc. $MDB

Candriam S.C.A. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.7% during the 1st quarter, Holdings Channel reports. The fund owned 213,067 shares of the company’s stock after acquiring an additional 54,927 shares during the period. Candriam S.C.A.’s holdings in MongoDB were worth $52,152,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kinetic Partners Management LP grew its position in MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after purchasing an additional 41,810 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in MongoDB by 115.1% in the 4th 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. Jericho Capital Asset Management L.P. lifted its position in shares of MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after buying an additional 852,540 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of MongoDB by 69.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after buying an additional 141,755 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of MongoDB by 611.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after buying an additional 614,559 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. This trade represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on 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 transaction, the director owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. This trade represents a 3.30% 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. Over the last quarter, insiders have sold 139,746 shares of company stock valued at $50,247,978. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDB. Piper Sandler upped their target price on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, May 29th. BMO Capital Markets boosted their price objective on MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Mizuho upped their price objective on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Monness Crespi & Hardt raised their target price on MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $400.41.

MongoDB Stock Down 5.7%

MDB opened at $342.08 on Friday. The firm has a 50-day moving average price of $330.89 and a 200-day moving average price of $327.77. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month high of $444.72. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of -924.54, a PEG ratio of 1,308.71 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

MongoDB 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.