Candriam S.C.A. Sells 33,083 Shares of MongoDB, Inc. $MDB

Key Points

• Candriam S.C.A. reduced its stake in MongoDB by 23.0%, now holding 110,556 shares worth approximately $19.4 million.
• MongoDB saw its quarterly revenue increase by 21.8% year-over-year, reporting $549.01 million, and beating analyst estimates of $527.49 million.
• Analysts have upped their price targets for MongoDB, with UBS raising it to $240.00 and Piper Sandler to $275.00, suggesting a positive outlook for the stock.

Candriam S.C.A. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,556 shares of the company's stock after selling 33,083 shares during the quarter. Candriam S.C.A. owned approximately 0.14% of MongoDB worth $19,392,000 at the end of the most recent quarter.

Other large investors 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 approximately $25,000. Hollencrest Capital Management bought a new stake in shares of MongoDB in the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted its position in shares of MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 120 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after purchasing an additional 182 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of MongoDB by 247.9% in the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company's stock worth $71,000 after purchasing an additional 290 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on 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 directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company's stock.

MongoDB Price Performance

NASDAQ MDB traded up $7.10 during mid-day trading on Friday, reaching $219.06. The stock had a trading volume of 1,803,163 shares, compared to its average volume of 2,425,957. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a market cap of $17.90 billion, a PE ratio of -192.16 and a beta of 1.44. The company has a fifty day moving average price of $216.04 and a 200 day moving average price of $207.11.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business earned $0.51 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on MDB shares. Scotiabank boosted their price target on MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Royal Bank Of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Cantor Fitzgerald boosted their price target on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Citigroup boosted their price target on MongoDB from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $283.46.

MongoDB Company 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.