MongoDB, Inc. $MDB Stake Decreased by Kestra Investment Management LLC

Kestra Investment Management LLC reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 80.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 733 shares of the company’s stock after selling 3,075 shares during the period. Kestra Investment Management LLC’s holdings in MongoDB were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the second quarter valued at about $34,000. NBH Bank bought a new stake in MongoDB during the second quarter worth about $34,000. CX Institutional lifted its stake in MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in MongoDB during the first quarter worth about $34,000. Finally, WPG Advisers LLC boosted its holdings in shares of MongoDB by 49.1% in the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock worth $58,000 after purchasing an additional 55 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MongoDB news, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the transaction, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the sale, the director owned 4,328 shares of the company’s stock, valued at $1,731,200. The trade was a 18.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,465 shares of company stock valued at $15,677,036 in the last 90 days. 2.60% of the stock is owned by insiders.

MongoDB Trading Up 0.5%

Shares of NASDAQ:MDB opened at $339.78 on Friday. The stock’s 50-day moving average price is $365.91 and its 200-day moving average price is $335.96. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a market capitalization of $27.37 billion, a P/E ratio of 478.56, a price-to-earnings-growth ratio of 30.78 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’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 predict that MongoDB, Inc. will post 0.50 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MDB shares. William Blair reiterated an “outperform” rating on shares of MongoDB in a research report on Monday, September 28th. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Canaccord Genuity Group boosted their target price on MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Rosenblatt Securities upped their target price on MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $540.00 price target on shares of MongoDB in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $460.59.

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.