Seelaus Asset Management LLC Buys New Stake in MongoDB, Inc. $MDB

Seelaus Asset Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the 1st quarter, Holdings Channel reports. The fund bought 1,432 shares of the company’s stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in MongoDB during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC grew its position in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB in the fourth quarter worth about $33,000. Root Financial Partners LLC increased its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,130 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $334.25, for a total value of $377,702.50. Following the completion of the transaction, the director owned 982,953 shares in the company, valued at approximately $328,552,040.25. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 139,746 shares of company stock worth $50,247,978. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on MDB shares. Needham & Company LLC reaffirmed an “overweight” rating on shares of MongoDB in a report on Friday, May 29th. Bank of America increased their price objective on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Monness Crespi & Hardt raised their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Cantor Fitzgerald boosted their target price on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Tigress Financial upped their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.69.

MongoDB Trading Down 0.5%

Shares of NASDAQ:MDB opened at $359.40 on Thursday. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72. The firm has a market capitalization of $28.91 billion, a PE ratio of -971.35, a PEG ratio of 1,303.12 and a beta of 1.55. The business’s 50 day moving average is $327.12 and its 200-day moving average is $328.14.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, sell-side analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

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.