APG Asset Management N.V. Reduces Stock Position in MongoDB, Inc. $MDB

Key Points

• APG Asset Management N.V. has reduced its stake in MongoDB, Inc. by 30.1%, leaving it with 2,391 shares valued at approximately $388,000.
• Insiders, including CEO Dev Ittycheria, have sold a significant number of shares recently, with total insider sales amounting to about $11.9 million in the last quarter.
• MongoDB's stock opened at $295.70, with a market cap of $24.16 billion, and the company reported earnings per share of $1.00 for the last quarter, exceeding estimates.

APG Asset Management N.V. reduced its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 30.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,391 shares of the company's stock after selling 1,028 shares during the period. APG Asset Management N.V.'s holdings in MongoDB were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of MongoDB by 149.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,203 shares of the company's stock worth $386,000 after buying an additional 1,320 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of MongoDB by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,240 shares of the company's stock worth $2,498,000 after buying an additional 95 shares in the last quarter. Circle Wealth Management LLC grew its stake in shares of MongoDB by 6.9% in the 1st quarter. Circle Wealth Management LLC now owns 5,182 shares of the company's stock worth $909,000 after buying an additional 336 shares in the last quarter. Norinchukin Bank The purchased a new position in shares of MongoDB in the 1st quarter worth $356,000. Finally, CW Advisors LLC purchased a new position in shares of MongoDB in the 1st quarter worth $3,521,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer owned 236,557 shares in the company, valued at approximately $57,693,886.73. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. This represents a 0.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

MongoDB stock opened at $295.70 on Thursday. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of -301.73 and a beta of 1.44. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The firm has a 50-day moving average of $218.36 and a two-hundred day moving average of $206.87.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same period in the previous year, the company earned $0.51 EPS. The firm's quarterly revenue 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 expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDB. William Blair reissued an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. Macquarie lifted their price target on shares of MongoDB from $230.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday. Scotiabank lifted their price target on shares of MongoDB from $230.00 to $280.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of MongoDB from $275.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Bank of America lifted their price target on shares of MongoDB from $275.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday. One 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.71.

About MongoDB

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.

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