MongoDB, Inc. $MDB Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc has significantly increased its stake in MongoDB, Inc. by 72.2%, owning approximately 60,067 shares, which amounts to a valuation of about $10.44 million.
• Notable hedge funds, including Primecap Management Co. and Vanguard Group Inc., have also boosted their positions in MongoDB, reflecting strong institutional interest with 89.29% of the stock held by such investors.
• Equities analysts have raised price targets for MongoDB, with estimates ranging from $247.00 to $405.00, indicating a generally positive outlook on the stock's performance.

Aberdeen Group plc lifted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 72.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,067 shares of the company's stock after purchasing an additional 25,190 shares during the period. Aberdeen Group plc owned 0.07% of MongoDB worth $10,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of MongoDB in the 1st quarter worth $25,000. Hollencrest Capital Management bought a new stake in shares of MongoDB in the first quarter valued at about $26,000. Cullen Frost Bankers Inc. raised its holdings in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares during the period. Finally, Fifth Third Bancorp grew its holdings in MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the sale, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Up 3.3%

Shares of MongoDB stock traded up $7.10 on Friday, reaching $219.06. 1,803,163 shares of the stock were exchanged, compared to its average volume of 2,425,957. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The business has a 50 day moving average price of $216.04 and a two-hundred day moving average price of $207.62. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of -192.16 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business 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 firm earned $0.51 EPS. The business's revenue for the quarter was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on MDB. Barclays raised their target price on shares of MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. DA Davidson reissued a "buy" rating and set a $275.00 price objective on shares of MongoDB in a report on Thursday, June 5th. BMO Capital Markets began coverage on shares of MongoDB in a research note on Monday, July 28th. They issued an "outperform" rating and a $280.00 price objective for the company. Bank of America increased their target price on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Finally, Scotiabank raised their price objective on MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average target price of $283.46.

MongoDB 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.