MongoDB, Inc. $MDB Stock Purchased by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,291 shares of the company’s stock after buying an additional 16,697 shares during the quarter. Calamos Advisors LLC owned about 0.08% of MongoDB worth $22,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in shares of MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after acquiring an additional 204,446 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of MongoDB by 169.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 240,646 shares of the company’s stock valued at $60,007,000 after acquiring an additional 151,241 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of MongoDB during the 1st quarter valued at about $34,459,000. Finally, CI Investments Inc. grew its holdings in shares of MongoDB by 81.2% in the first quarter. CI Investments Inc. now owns 213,604 shares of the company’s stock valued at $52,284,000 after purchasing an additional 95,715 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of MongoDB in a research report on Wednesday, September 30th. Oppenheimer increased their price target on shares of MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Rosenblatt Securities lifted their price target on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $470.00 price objective on shares of MongoDB in a report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $461.91.

Insider Transactions at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This trade represents a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $348.92, for a total value of $3,489,200.00. Following the completion of the transaction, the director directly owned 942,953 shares of the company’s stock, valued at approximately $329,015,160.76. This represents a 1.05% decrease in their ownership of the stock. 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. Insiders sold a total of 52,465 shares of company stock worth $20,382,936 in the last 90 days. Insiders own 2.60% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $8.24 during mid-day trading on Friday, reaching $312.83. 1,219,054 shares of the company were exchanged, compared to its average volume of 1,636,612. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10. The firm’s 50-day simple moving average is $373.35 and its 200 day simple moving average is $337.26. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 440.61, a P/E/G ratio of 30.08 and a beta of 1.74.

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 return on equity of 1.06% and a net margin of 2.12%. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s quarterly 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, research analysts forecast that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

MongoDB Company Profile

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.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.