Nuveen LLC Makes New Investment in MongoDB, Inc. $MDB

Key Points

• Nuveen LLC has acquired a new position in MongoDB, Inc., purchasing 244,524 shares valued at approximately $42.89 million, representing around 0.30% of the company's stock.
• MongoDB's stock is rated with an average of "Moderate Buy" by analysts, with a consensus price target of $281.31, highlighting robust growth expectations.
• Insider trading activity included a sale of 1,174 shares by Director Hope F. Cochran and 25,005 shares by CEO Dev Ittycheria, reflecting notable transactions amidst rising stock prices.

Nuveen LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 244,524 shares of the company's stock, valued at approximately $42,890,000. Nuveen LLC owned 0.30% of MongoDB at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP purchased a new stake in MongoDB during the first quarter worth $897,000. Sierra Summit Advisors LLC purchased a new stake in MongoDB during the first quarter worth $3,749,000. Cynosure Group LLC boosted its position in MongoDB by 46.3% during the first quarter. Cynosure Group LLC now owns 1,796 shares of the company's stock worth $315,000 after purchasing an additional 568 shares in the last quarter. Keystone Investors PTE Ltd. purchased a new stake in MongoDB during the first quarter worth $430,000. Finally, Swiss National Bank boosted its position in MongoDB by 0.7% during the first quarter. Swiss National Bank now owns 210,100 shares of the company's stock worth $36,852,000 after purchasing an additional 1,400 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MDB shares. Barclays boosted their target price on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Cantor Fitzgerald boosted their target price on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Zacks Research upgraded MongoDB to a "hold" rating in a research report on Friday, August 8th. Guggenheim reiterated a "buy" rating and set a $260.00 target price on shares of MongoDB in a research report on Thursday, August 14th. Finally, Bank of America upped their price objective on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $283.46.

MongoDB Trading Down 3.7%

Shares of NASDAQ:MDB traded down $8.45 on Tuesday, hitting $218.61. The company had a trading volume of 1,760,454 shares, compared to its average volume of 2,315,104. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The business has a 50 day moving average of $215.59 and a 200 day moving average of $208.31. The company has a market cap of $17.86 billion, a PE ratio of -191.76 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The firm had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. 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 year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer directly owned 256,974 shares in the company, valued at approximately $60,131,916. This represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is owned by company 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.