24,000 Shares in MongoDB, Inc. $MDB Bought by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd acquired 24,000 MongoDB shares worth approximately $8.37 million during the third quarter, making MDB about 1.5% of its portfolio. Institutional investors collectively own 89.29% of the company.
• MongoDB insiders sold 32,595 shares worth $13.47 million over the past three months, while insider ownership stands at 2.60%. The reported director sales were conducted under pre-arranged Rule 10b5-1 trading plans.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $461.91. MongoDB recently beat quarterly earnings and revenue estimates, reporting $1.90 EPS and $771.77 million in revenue, up 30.5% year over year.

Maxi Investments CY Ltd bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,000 shares of the company's stock, valued at approximately $8,367,000. MongoDB comprises about 1.5% of Maxi Investments CY Ltd's investment portfolio, making the stock its 16th largest holding.

A number of other large investors have also made changes to their positions in the stock. Kingswood Wealth Advisors LLC purchased a new position in MongoDB during the third quarter worth approximately $380,000. Signaturefd LLC grew its holdings in MongoDB by 6.4% in the 3rd quarter. Signaturefd LLC now owns 1,436 shares of the company's stock valued at $501,000 after buying an additional 86 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in MongoDB by 147.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,932 shares of the company's stock valued at $1,022,000 after buying an additional 1,749 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in MongoDB in the 3rd quarter valued at $237,000. Finally, Ascent Wealth Partners LLC grew its holdings in MongoDB by 11.1% in the 3rd quarter. Ascent Wealth Partners LLC now owns 1,037 shares of the company's stock valued at $362,000 after buying an additional 104 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, Director Archana Agrawal sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the sale, the director directly owned 4,328 shares of the company's stock, valued at $1,731,200. This represents a 18.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 32,595 shares of company stock worth $13,465,211. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $465.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Oppenheimer upped their price objective on shares of MongoDB from $410.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Canaccord Genuity Group raised their price objective on shares of MongoDB from $400.00 to $480.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Rosenblatt Securities raised their price objective on shares of MongoDB from $395.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Finally, UBS Group reduced their target price on shares of MongoDB from $410.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $461.91.

MongoDB Trading Up 4.9%

MDB opened at $389.11 on Tuesday. The stock's 50-day moving average price is $387.09 and its 200 day moving average price is $339.86. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 548.04, a PEG ratio of 35.93 and a beta of 1.74.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. MongoDB's revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. 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 0.47 earnings per share for the current year.

MongoDB Company Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.