MongoDB, Inc. $MDB Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 37.0% during the second quarter, HoldingsChannel.com reports. The fund owned 29,021 shares of the company’s stock after selling 17,024 shares during the period. Engineers Gate Manager LP’s holdings in MongoDB were worth $9,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fiera Capital Corp increased its position in MongoDB by 33.6% in the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after acquiring an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after acquiring an additional 6,819 shares during the period. Assenagon Asset Management S.A. lifted its position in MongoDB by 19.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after acquiring an additional 21,273 shares during the period. Daventry Group LP grew its stake in shares of MongoDB by 21.3% in the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after purchasing an additional 14,412 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of MongoDB in the 4th quarter valued at approximately $6,050,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDB. Morgan Stanley upped their price target on MongoDB from $380.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company lifted their price objective on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Piper Sandler restated an “overweight” rating and set a $470.00 price objective (up from $400.00) on shares of MongoDB in a research report on Wednesday, September 2nd. Finally, Citigroup restated a “buy” rating and issued a $565.00 target price (up from $545.00) on shares of MongoDB in a research note on Wednesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the sale, the director owned 25,444 shares of the company’s stock, valued at $8,754,008.20. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 30,696 shares of company stock worth $12,559,555. 2.60% of the stock is owned by company insiders.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $373.87 on Friday. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The firm has a market capitalization of $30.07 billion, a P/E ratio of 526.58, a PEG ratio of 37.83 and a beta of 1.58. The company’s fifty day moving average is $375.64 and its two-hundred day moving average is $322.79.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter last year, the firm posted $1.00 EPS. The business’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. On average, sell-side analysts forecast that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

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 operate databases in private, hybrid or multicloud environments.