SG Americas Securities LLC Has $32.66 Million Position in MongoDB, Inc. $MDB

SG Americas Securities LLC increased its position in MongoDB, Inc. (NASDAQ:MDB) by 984.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 133,416 shares of the company’s stock after acquiring an additional 121,110 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $32,656,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new position in MongoDB in the 4th quarter valued at approximately $28,000. Huntington National Bank raised its stake in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB during the fourth quarter valued at $33,000. Finally, Root Financial Partners LLC lifted its holdings in shares of MongoDB by 58.2% during 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. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $320.97 on Wednesday. The stock has a market capitalization of $25.82 billion, a price-to-earnings ratio of -867.49, a PEG ratio of 1,151.07 and a beta of 1.57. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The stock’s 50 day moving average price is $308.46 and its two-hundred day moving average price is $334.11.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the previous year, the business posted $1.00 EPS. MongoDB’s revenue for the quarter was up 25.2% compared to the same quarter last year. 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, equities research analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $348.92, for a total value of $2,093,520.00. Following the completion of the sale, the director directly owned 464,896 shares of the company’s stock, valued at $162,211,512.32. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing 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 business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the sale, the director directly owned 25,444 shares of the company’s stock, valued at $8,754,008.20. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 139,182 shares of company stock valued at $49,910,727. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MDB shares. Tigress Financial boosted their price objective on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $385.00 target price on shares of MongoDB in a report on Tuesday, May 26th. UBS Group upped their price target on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Guggenheim reissued a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

About MongoDB

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.