Fieldview Capital Management LLC Sells 5,956 Shares of MongoDB, Inc. $MDB

Fieldview Capital Management LLC cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 79.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,571 shares of the company’s stock after selling 5,956 shares during the period. Fieldview Capital Management LLC’s holdings in MongoDB were worth $659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cramer Rosenthal Mcglynn LLC boosted its holdings in MongoDB by 897.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after purchasing an additional 52,002 shares during the last quarter. Kinetic Partners Management LP boosted its holdings in MongoDB by 27.2% during the third 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in MongoDB by 115.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after purchasing an additional 189,820 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in MongoDB by 5.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 28,936 shares of the company’s stock worth $8,981,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in MongoDB by 69.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after purchasing an additional 141,755 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director owned 27,010 shares of the company’s stock, valued at $9,453,500. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 116,616 shares of company stock worth $41,956,174. 2.60% of the stock is currently owned by company insiders.

MongoDB Stock Up 3.3%

MDB opened at $354.18 on Tuesday. The stock has a market cap of $28.49 billion, a price-to-earnings ratio of -957.24, a PEG ratio of 1,236.33 and a beta of 1.57. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72. The company’s 50-day moving average price is $298.04 and its two-hundred day moving average price is $335.05.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm 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%. The company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, sell-side analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MDB shares. BMO Capital Markets boosted their price target on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Truist Financial cut their price target on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company dropped their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research note on Friday, May 29th. Finally, The Goldman Sachs Group dropped their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

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.