Fulcrum Asset Management LLP Purchases 4,297 Shares of MongoDB, Inc. $MDB

Fulcrum Asset Management LLP purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,297 shares of the company’s stock, valued at approximately $1,449,000.

Several other institutional investors and hedge funds have also modified their holdings of MDB. Allspring Global Investments Holdings LLC boosted its position in shares of MongoDB by 19.4% in 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 during the last quarter. Brighton Jones LLC raised its holdings in shares of MongoDB by 0.5% during the 3rd quarter. Brighton Jones LLC now owns 6,885 shares of the company’s stock valued at $2,400,000 after buying an additional 32 shares during the period. Ethic Inc. lifted its position in shares of MongoDB by 6.6% during the third quarter. Ethic Inc. now owns 7,669 shares of the company’s stock worth $2,674,000 after purchasing an additional 478 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of MongoDB by 1.7% during the 3rd quarter. Alps Advisors Inc. now owns 4,346 shares of the company’s stock valued at $1,515,000 after buying an additional 72 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in MongoDB by 10.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 880 shares of the company’s stock valued at $307,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB opened at $338.12 on Thursday. The stock’s 50 day moving average price is $366.62 and its 200 day moving average price is $336.32. The stock has a market cap of $27.24 billion, a P/E ratio of 476.23, a P/E/G 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 announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter in the prior year, the firm posted $1.00 EPS. MongoDB’s revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities analysts anticipate that MongoDB, Inc. will post 0.50 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on MDB. Stephens decreased their target price on MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 30th. Oppenheimer upped their price target on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Barclays raised their price objective on MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Mizuho set a $460.00 price objective on MongoDB in a research note on Tuesday, September 29th. Finally, Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $460.59.

Insider Buying and Selling at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the sale, the director directly owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. This represents a 18.77% 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 90 days, insiders sold 52,465 shares of company stock worth $20,382,936. 2.60% of the stock is currently owned by company insiders.

About MongoDB

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.