Andra AP fonden Sells 9,000 Shares of MongoDB, Inc. $MDB

Key Points

• Andra AP fonden reduced its MongoDB stake by 18.2%, selling 9,000 shares and retaining 40,520 shares worth approximately $13.6 million. Institutional investors collectively own 89.29% of the company.
• MongoDB reported quarterly results above expectations, with earnings per share of $1.90 versus the $1.62 consensus and revenue of $771.77 million versus $735.01 million expected. Revenue increased 30.5% year over year.
• MongoDB shares were up 5.0% to $427.69, while analysts maintained a broadly positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $471.81.

Andra AP fonden lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 18.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,520 shares of the company's stock after selling 9,000 shares during the quarter. Andra AP fonden owned about 0.05% of MongoDB worth $13,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Root Financial Partners LLC raised its holdings in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock worth $37,000 after acquiring an additional 32 shares during the period. Moody National Bank Trust Division boosted its stake in MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company's stock valued at $377,000 after purchasing an additional 34 shares during the period. Basecamp Wealth Advisors LLC grew its holdings in MongoDB by 14.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company's stock valued at $70,000 after buying an additional 36 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in MongoDB by 27.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company's stock valued at $60,000 after buying an additional 38 shares during the last quarter. Finally, 111 Capital increased its position in MongoDB by 2.5% in the 4th quarter. 111 Capital now owns 1,946 shares of the company's stock worth $817,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Up 5.0%

NASDAQ MDB opened at $427.69 on Wednesday. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The stock has a market cap of $34.45 billion, a P/E ratio of 602.38, a PEG ratio of 43.76 and a beta of 1.58. The company's 50-day simple moving average is $381.43 and its 200 day simple moving average is $327.63.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company's revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts anticipate that MongoDB, Inc. will post 0.47 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight Merriman sold 6,000 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, the director directly owned 452,896 shares of the company's stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the firm'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 of the company's stock, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,130 shares of company stock valued at $8,520,022 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen upgraded MongoDB from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Royal Bank Of Canada dropped their target price on shares of MongoDB from $515.00 to $465.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 2nd. BMO Capital Markets dropped their target price on shares of MongoDB from $500.00 to $450.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 2nd. KGI Securities began coverage on shares of MongoDB in a research note on Wednesday, July 8th. They set an "outperform" rating and a $470.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of MongoDB from $375.00 to $475.00 and gave the company an "overweight" rating in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $471.81.

MongoDB Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

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 operate databases in private, hybrid or multicloud environments.

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