Nomura Asset Management Co. Ltd. Sells 6,754 Shares of MongoDB, Inc. $MDB

Nomura Asset Management Co. Ltd. lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,073 shares of the company’s stock after selling 6,754 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in MongoDB were worth $70,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Integrated Wealth Concepts LLC grew its stake in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC grew its stake in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in MongoDB in the 2nd quarter valued at $329,000. Cresset Asset Management LLC grew its stake in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after buying an additional 370 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after buying an additional 2,697 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

NASDAQ MDB opened at $335.55 on Friday. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of -906.89 and a beta of 1.48. The company’s fifty day moving average is $273.44 and its two-hundred day moving average is $333.74. MongoDB, Inc. has a 52-week low of $182.43 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at $148,322,822.08. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,566 shares of company stock worth $8,744,791 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MDB. The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Guggenheim reiterated a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research note on Friday. Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research note on Friday. BMO Capital Markets raised their target price on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research note on Friday. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $390.43.

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.