Baillie Gifford & Co. Purchases New Position in MongoDB, Inc. $MDB

Key Points

• Baillie Gifford & Co. purchased a new stake in MongoDB, acquiring 267,331 shares valued at about $112.2 million, representing roughly 0.33% of the company at quarter-end.
• MongoDB beat expectations in its latest quarter with EPS of $1.65 versus $1.47 expected and revenue of $695.1M (up 26.8% year-over-year), while analysts maintain a consensus "Moderate Buy" and an average target near $360.
• Insiders have been net sellers recently—selling 13,895 shares worth about $5.35M over the last 90 days (insiders own 3.10%)—while institutional investors own roughly 89.29% of the stock.

Baillie Gifford & Co. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 267,331 shares of the company's stock, valued at approximately $112,196,000. Baillie Gifford & Co. owned approximately 0.33% of MongoDB at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Clark Financial Services Group Inc. BD increased its holdings in MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company's stock valued at $702,000 after purchasing an additional 25 shares in the last quarter. True Wealth Design LLC boosted its stake in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company's stock worth $176,000 after purchasing an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company's stock worth $342,000 after purchasing an additional 40 shares in the last quarter. Savvy Advisors Inc. boosted its stake in MongoDB by 5.0% in the fourth quarter. Savvy Advisors Inc. now owns 928 shares of the company's stock worth $389,000 after purchasing an additional 44 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in MongoDB by 81.8% in the fourth quarter. Grove Bank & Trust now owns 100 shares of the company's stock worth $42,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,566 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm's stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total value of $4,077,000.00. Following the completion of the transaction, the director owned 1,031,316 shares in the company, valued at $420,467,533.20. This represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,895 shares of company stock worth $5,349,738 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Up 4.5%

Shares of MDB opened at $236.14 on Tuesday. MongoDB, Inc. has a 12-month low of $148.88 and a 12-month high of $444.72. The firm has a market capitalization of $18.98 billion, a PE ratio of -268.34 and a beta of 1.60. The stock's fifty day simple moving average is $290.68 and its 200-day simple moving average is $343.60.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm's revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Cantor Fitzgerald reduced their price objective on MongoDB from $454.00 to $378.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. Wall Street Zen raised MongoDB from a "hold" rating to a "buy" rating in a research note on Sunday, March 15th. Monness Crespi & Hardt reduced their price objective on MongoDB from $475.00 to $370.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Guggenheim reissued a "buy" rating and issued a $475.00 price objective on shares of MongoDB in a research note on Tuesday, March 3rd. Finally, Robert W. Baird reissued a "neutral" rating and issued a $260.00 price objective (down from $500.00) on shares of MongoDB in a research note on Tuesday, March 3rd. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $360.03.

About MongoDB

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.

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