MongoDB, Inc. $MDB Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 147.8% in the third quarter, Holdings Channel.com reports. The firm owned 2,932 shares of the company’s stock after acquiring an additional 1,749 shares during the period. Citizens Financial Group Inc. RI’s holdings in MongoDB were worth $1,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of MongoDB during the third quarter worth about $237,000. Ascent Wealth Partners LLC raised its position in MongoDB by 11.1% in the 3rd quarter. Ascent Wealth Partners LLC now owns 1,037 shares of the company’s stock valued at $362,000 after buying an additional 104 shares during the last quarter. Evergreen Capital Management LLC raised its position in MongoDB by 3.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 1,001 shares of the company’s stock valued at $349,000 after buying an additional 31 shares during the last quarter. Sterling Capital Management LLC raised its position in MongoDB by 3.0% in the 3rd quarter. Sterling Capital Management LLC now owns 3,652 shares of the company’s stock valued at $1,273,000 after buying an additional 106 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in MongoDB by 19.1% in the 3rd quarter. Inspire Investing LLC now owns 5,279 shares of the company’s stock valued at $1,840,000 after acquiring an additional 848 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Archana Agrawal sold 1,000 shares of the business’s stock in a transaction 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 transaction, the director directly owned 4,328 shares in the company, valued at approximately $1,731,200. The trade was a 18.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $377.00, for a total transaction of $377,000.00. Following the sale, the director directly owned 448,896 shares in the company, valued at $169,233,792. This trade represents a 0.22% 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. In the last 90 days, insiders sold 32,595 shares of company stock worth $13,465,211. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group reduced their price target on MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. The Goldman Sachs Group lifted their price objective on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Needham & Company LLC reissued a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a research report on Tuesday, October 13th. Guggenheim restated a “buy” rating and set a $560.00 target price on shares of MongoDB in a report on Tuesday, September 29th. Finally, Barclays increased their target price on shares of MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $461.91.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $393.44 on Thursday. The stock has a 50 day moving average price of $385.28 and a 200 day moving average price of $339.50. The stock has a market capitalization of $31.70 billion, a PE ratio of 554.14, a price-to-earnings-growth ratio of 35.93 and a beta of 1.74. MongoDB, Inc. has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. During the same quarter in the previous year, the firm earned $1.00 EPS. The business’s quarterly revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, research analysts forecast that MongoDB, Inc. will post 0.47 EPS for the current year.

MongoDB Company Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.