Corient Private Wealth LP Buys 9,702 Shares of MongoDB, Inc. $MDB

Corient Private Wealth LP raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 27.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,298 shares of the company's stock after purchasing an additional 9,702 shares during the quarter. Corient Private Wealth LP owned 0.06% of MongoDB worth $15,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Fiera Capital Corp grew its position in MongoDB by 33.6% during the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company's stock valued at $76,818,000 after buying an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company's stock worth $6,990,000 after buying an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. raised its position in MongoDB by 19.9% in the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company's stock worth $43,022,000 after acquiring an additional 21,273 shares during the period. Daventry Group LP raised its position in MongoDB by 21.3% in the first quarter. Daventry Group LP now owns 82,105 shares of the company's stock worth $20,097,000 after acquiring an additional 14,412 shares during the period. Finally, Entropy Technologies LP purchased a new position in MongoDB in the fourth quarter valued at about $6,050,000. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MDB. Rosenblatt Securities increased their target price on shares of MongoDB from $395.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein lifted their price target on shares of MongoDB from $449.00 to $484.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Mizuho upped their price objective on MongoDB from $400.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Oppenheimer increased their price objective on MongoDB from $410.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Finally, Robert W. Baird raised their target price on MongoDB from $335.00 to $400.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $471.81.

MongoDB Price Performance

MongoDB stock opened at $377.67 on Wednesday. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The business has a fifty day moving average price of $376.60 and a 200-day moving average price of $324.12. The firm has a market capitalization of $30.43 billion, a P/E ratio of 531.93, a PEG ratio of 41.07 and a beta of 1.58.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm's quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts expect that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director owned 29,326 shares of the company's stock, valued at approximately $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director owned 452,896 shares in the company, valued at $204,595,768. This trade represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,130 shares of company stock worth $8,144,102 over the last quarter. Corporate insiders own 2.60% of the company's stock.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.

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