MongoDB, Inc. $MDB Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in MongoDB, Inc. by 100% in the first quarter, now holding 8,436 shares valued at approximately $1.49 million.
• Several major institutional investors, including Vanguard Group and Primecap Management, have also significantly increased their stakes in MongoDB during the same period.
• MongoDB reported a 21.8% increase in quarterly revenue year-over-year, with an earnings per share of $1.00, exceeding analysts' expectations.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 100.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,436 shares of the company's stock after purchasing an additional 4,217 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in MongoDB were worth $1,491,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Natixis lifted its position in shares of MongoDB by 209.4% in the fourth quarter. Natixis now owns 1,850 shares of the company's stock valued at $431,000 after acquiring an additional 1,252 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in MongoDB by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,557 shares of the company's stock valued at $362,000 after purchasing an additional 105 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of MongoDB by 6.4% during the 4th quarter. Stifel Financial Corp now owns 114,216 shares of the company's stock worth $26,590,000 after purchasing an additional 6,894 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after buying an additional 39 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in shares of MongoDB by 47.1% in the fourth quarter. Pinebridge Investments L.P. now owns 26,879 shares of the company's stock valued at $6,258,000 after buying an additional 8,611 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of MongoDB from $270.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday. Guggenheim raised their price objective on MongoDB from $260.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday. DA Davidson lifted their price objective on MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday. Royal Bank Of Canada increased their target price on MongoDB from $320.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Truist Financial raised their price target on MongoDB from $275.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $307.71.

Insider Activity at MongoDB

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

MongoDB Stock Up 37.9%

Shares of MongoDB stock traded up $81.25 during trading hours on Wednesday, hitting $295.59. The company's stock had a trading volume of 18,131,084 shares, compared to its average volume of 2,432,453. The business has a fifty day moving average of $216.53 and a 200 day moving average of $206.25. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a market capitalization of $24.15 billion, a PE ratio of -259.11 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.