MongoDB, Inc. $MDB Shares Acquired by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH increased its stock position in MongoDB, Inc. by 19.3%, bringing its total holdings to 8,354 shares valued at approximately $1.49 million.
• A number of institutional investors have also modified their stakes, with Primecap Management Co. CA raising its position by 863.5% during the same quarter.
• Research firms have set new price targets for MongoDB, with ranges between $260.00 and $320.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Erste Asset Management GmbH grew its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,354 shares of the company's stock after buying an additional 1,354 shares during the period. Erste Asset Management GmbH's holdings in MongoDB were worth $1,487,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of MongoDB by 100.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,436 shares of the company's stock valued at $1,491,000 after buying an additional 4,217 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of MongoDB by 13.0% in the 1st quarter. Groupama Asset Managment now owns 23,205 shares of the company's stock valued at $4,131,000 after buying an additional 2,661 shares in the last quarter. MIG Capital LLC purchased a new stake in MongoDB in the 1st quarter valued at $813,000. Oberndorf William E purchased a new stake in MongoDB in the 1st quarter valued at $4,876,000. Finally, Quantbot Technologies LP raised its position in MongoDB by 405.6% in the 1st quarter. Quantbot Technologies LP now owns 15,248 shares of the company's stock valued at $2,674,000 after purchasing an additional 12,232 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the firm'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at $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. Insiders have sold 51,416 shares of company stock valued at $11,936,656 in the last ninety days. Insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDB. Royal Bank Of Canada reiterated an "outperform" rating and issued a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. BMO Capital Markets began coverage on shares of MongoDB in a research report on Monday, July 28th. They issued an "outperform" rating and a $280.00 price target for the company. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target for the company in a research report on Thursday, June 5th. Guggenheim reiterated a "buy" rating and issued a $260.00 price target on shares of MongoDB in a research report on Thursday, August 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $270.00 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 issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $283.46.

MongoDB Stock Performance

MongoDB stock traded up $7.10 during trading hours on Friday, reaching $219.06. 1,803,163 shares of the stock were exchanged, compared to its average volume of 2,336,709. The firm's 50 day moving average is $216.04 and its 200 day moving average is $206.61. The stock has a market cap of $17.90 billion, a P/E ratio of -192.16 and a beta of 1.44. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS 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.