Norinchukin Bank The Purchases New Position in MongoDB, Inc. $MDB

Key Points

• Norinchukin Bank purchased 2,031 shares of MongoDB, Inc. (NASDAQ: MDB) valued at approximately $356,000 during the 1st quarter.
• Insider sales included 2,000 shares sold by Director Dwight A. Merriman and 25,005 shares sold by CEO Dev Ittycheria, with both transactions occurring on June 5th.
• MongoDB reported a 21.8% year-over-year revenue increase in its latest earnings results, with a quarterly revenue of $549.01 million and an EPS of $1.00 that exceeded analysts' expectations.

Norinchukin Bank The acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,031 shares of the company's stock, valued at approximately $356,000.

Several other large investors have also added to or reduced their stakes in MDB. 111 Capital bought a new stake in shares of MongoDB during the fourth quarter valued at about $390,000. Park Avenue Securities LLC increased its holdings in MongoDB by 52.6% during the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after acquiring an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in MongoDB by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after purchasing an additional 298 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in MongoDB in the 1st quarter worth approximately $263,000. Finally, Farther Finance Advisors LLC boosted its holdings in MongoDB by 57.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock valued at $219,000 after purchasing an additional 452 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 7.6%

Shares of MongoDB stock traded up $22.40 on Thursday, hitting $318.10. The stock had a trading volume of 10,711,766 shares, compared to its average volume of 3,579,964. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock's 50-day simple moving average is $220.64 and its two-hundred day simple moving average is $207.09. The stock has a market cap of $25.99 billion, a price-to-earnings ratio of -324.59 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MDB shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $290.00 price target on shares of MongoDB in a report on Friday, August 22nd. William Blair restated an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of MongoDB in a research report on Wednesday. Stephens started coverage on MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 price target on the stock. Finally, Barclays lifted their price target on MongoDB from $270.00 to $305.00 and gave the stock an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $310.86.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $243.89, for a total value of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares in the company, valued at approximately $57,693,886.73. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the transaction, the director directly owned 1,104,316 shares in the company, valued at $270,557,420. This trade represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 over the last ninety days. 3.10% of the stock is owned by insiders.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.