MongoDB, Inc. $MDB Holdings Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,336,397 shares of the company’s stock after purchasing an additional 239,338 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in MongoDB were worth $560,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC raised its stake in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of MongoDB during the fourth quarter valued at about $33,000. Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of MongoDB during the fourth quarter valued at about $38,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Down 3.3%

Shares of MDB stock opened at $342.80 on Friday. The stock has a 50-day simple moving average of $296.01 and a 200 day simple moving average of $334.86. MongoDB, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $444.72. The stock has a market capitalization of $27.57 billion, a P/E ratio of -926.49, a P/E/G ratio of 1,236.34 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. 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 anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MDB shares. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, May 29th. BMO Capital Markets lifted their price objective on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Mizuho lifted their price target on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Citizens Jmp restated a “market outperform” rating and issued a $366.00 price objective on shares of MongoDB in a report on Friday, May 29th. Finally, Stifel Nicolaus set a $435.00 target price on MongoDB in a research note on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares in the company, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 116,616 shares of company stock valued at $41,956,174. Insiders own 2.60% of the company’s stock.

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.