BI Asset Management Fondsmaeglerselskab A S Lowers Position in MongoDB, Inc. $MDB

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in MongoDB, Inc. by 59.7% in Q1, now holding 1,580 shares valued at $277,000.
• Several institutional investors, including Vanguard Group Inc. and Primecap Management Co., increased their holdings in MongoDB during the same period.
• MongoDB beat earnings expectations with $1.00 EPS, surpassing the consensus estimate of $0.65, and reported revenue growth of 21.8% year-over-year.

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 59.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,580 shares of the company's stock after selling 2,344 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in MongoDB were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in MongoDB during the 1st quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in MongoDB during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. increased its stake in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in MongoDB by 364.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after purchasing an additional 182 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after purchasing an additional 290 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of MDB traded up $21.79 on Thursday, reaching $317.49. The company's stock had a trading volume of 8,968,501 shares, compared to its average volume of 2,489,377. The stock has a market capitalization of $25.94 billion, a P/E ratio of -323.48 and a beta of 1.44. The stock's 50 day simple moving average is $218.36 and its two-hundred day simple moving average is $206.87. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The firm's revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 25,005 shares of MongoDB stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on MDB shares. Sanford C. Bernstein raised their price objective on shares of MongoDB from $319.00 to $338.00 and gave the company an "outperform" rating in a research note on Wednesday. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and reduced their price target for the stock from $350.00 to $190.00 in a research note on Tuesday, May 20th. JMP Securities reiterated a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a research note on Wednesday. Wedbush reiterated an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research note on Wednesday. Finally, Oppenheimer lifted their price target on shares of MongoDB from $275.00 to $325.00 and gave the stock an "outperform" rating in a research note on Wednesday. One equities research 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $310.86.

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.