Alamar Capital Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,933 shares of the company's stock, valued at approximately $1,942,000. MongoDB makes up approximately 1.2% of Alamar Capital Management LLC's portfolio, making the stock its 29th biggest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of MongoDB by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 24,313 shares of the company's stock worth $5,951,000 after purchasing an additional 4,925 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in shares of MongoDB by 924.0% during the 1st quarter. NewEdge Wealth LLC now owns 7,117 shares of the company's stock valued at $1,742,000 after acquiring an additional 6,422 shares during the last quarter. CI Investments Inc. grew its stake in shares of MongoDB by 81.2% in the first quarter. CI Investments Inc. now owns 213,604 shares of the company's stock worth $52,284,000 after acquiring an additional 95,715 shares during the period. Westpac Banking Corp raised its holdings in shares of MongoDB by 28.6% during the first quarter. Westpac Banking Corp now owns 1,555 shares of the company's stock valued at $381,000 after purchasing an additional 346 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in MongoDB by 15.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,492 shares of the company's stock valued at $855,000 after purchasing an additional 458 shares during the period. 89.29% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MDB has been the subject of a number of research analyst reports. Wall Street Zen raised shares of MongoDB from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. Canaccord Genuity Group increased their price target on MongoDB from $375.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. Stifel Nicolaus set a $435.00 price target on MongoDB in a research note on Friday, May 29th. Robert W. Baird lifted their price objective on MongoDB from $260.00 to $335.00 and gave the stock a "neutral" rating in a report on Wednesday, May 20th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $366.00 price objective on shares of MongoDB in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $405.35.
Check Out Our Latest Report on MongoDB
Insider Transactions at MongoDB
In other news, CFO Michael J. Berry sold 5,000 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the sale, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This trade represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 127,746 shares of company stock valued at $47,343,538. Company insiders own 2.60% of the company's stock.
MongoDB Stock Performance
NASDAQ MDB opened at $304.97 on Thursday. The business's fifty day moving average is $337.11 and its 200 day moving average is $321.10. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The company has a market capitalization of $24.53 billion, a PE ratio of -824.24, a price-to-earnings-growth ratio of 1,260.86 and a beta of 1.55.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million during the quarter, compared to analysts' expectations of $664.53 million. During the same quarter in the prior year, the business posted $1.00 earnings per share. The business's quarterly revenue was up 25.2% on a year-over-year basis. 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, sell-side analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.
MongoDB Company Profile
(
Free Report)
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.
Featured Stories
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.
Before you consider MongoDB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MongoDB wasn't on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
