Cramer Rosenthal Mcglynn LLC Takes Position in MongoDB, Inc. $MDB

Key Points

• Cramer Rosenthal Mcglynn LLC invested approximately $1.09 million in MongoDB, Inc. by purchasing 6,240 shares in the first quarter.
• MongoDB reported a 21.8% increase in revenue year-over-year, totaling $549.01 million for the quarter, and earnings per share of $1.00, exceeding analysts' expectations.
• Institutional investors now control 89.29% of MongoDB's shares, indicating strong confidence in the company's prospects.

Cramer Rosenthal Mcglynn LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,240 shares of the company's stock, valued at approximately $1,094,000.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in MongoDB during the first quarter valued at $25,000. Hollencrest Capital Management purchased a new position in shares of MongoDB in the 1st quarter worth $26,000. Cullen Frost Bankers Inc. grew its stake 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 buying an additional 120 shares in the last quarter. Brooklyn Investment Group grew its stake 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 buying an additional 290 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of MongoDB in the 1st quarter worth $96,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated 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 owned 236,557 shares of the company's stock, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,416 shares of company stock worth $11,936,656 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Down 0.8%

MDB traded down $2.49 on Friday, reaching $315.61. 5,674,952 shares of the company traded hands, compared to its average volume of 2,522,342. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a fifty day simple moving average of $220.64 and a two-hundred day simple moving average of $207.09. The company has a market cap of $25.79 billion, a P/E ratio of -322.05 and a beta of 1.44.

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, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter last year, the business posted $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. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MDB shares. Royal Bank Of Canada lifted their price objective on shares of MongoDB from $320.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of MongoDB from $280.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday. Guggenheim lifted their price objective on shares of MongoDB from $260.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday. Barclays lifted their price objective on shares of MongoDB from $270.00 to $305.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Wolfe Research lifted their price objective on shares of MongoDB from $280.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.