MongoDB, Inc. $MDB Holdings Raised by Groupama Asset Managment

Key Points

• Groupama Asset Managment increased its stake in MongoDB, Inc. by 13.0%, acquiring an additional 2,661 shares and bringing its total holdings to 23,205 shares valued at approximately $4.13 million.
• During the 1st quarter, several large investors, including Primecap Management and Vanguard Group, also significantly increased their positions in MongoDB, resulting in institutional ownership accounting for 89.29% of the stock.
• MongoDB's latest earnings report revealed a 21.8% increase in revenue year over year, with $549.01 million for the quarter, and an earnings per share (EPS) of $1.00, beating analysts' estimates.

Groupama Asset Managment lifted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,205 shares of the company's stock after acquiring an additional 2,661 shares during the period. Groupama Asset Managment's holdings in MongoDB were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MDB. Cloud Capital Management LLC acquired a new stake in MongoDB during the first quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new stake in MongoDB during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. lifted its stake in MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after purchasing an additional 182 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in MongoDB by 247.9% during the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after purchasing an additional 290 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer owned 236,557 shares in the company, valued at $57,693,886.73. This represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock worth $11,936,656 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Trading Up 3.3%

NASDAQ MDB traded up $7.10 during trading on Friday, reaching $219.06. 1,803,163 shares of the company's stock were exchanged, compared to its average volume of 2,425,957. The firm has a market capitalization of $17.90 billion, a PE ratio of -192.16 and a beta of 1.44. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The company's fifty day simple moving average is $216.04 and its 200-day simple moving average is $207.62.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $549.01 million during 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 firm's revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm 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 analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on MDB shares. Monness Crespi & Hardt raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 target price for the company in a research note on Thursday, June 5th. Bank of America increased their target price on shares of MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Scotiabank increased their target price on shares of MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Guggenheim reissued a "buy" rating and set a $260.00 target price on shares of MongoDB in a research note on Thursday, August 14th. Finally, Macquarie reissued a "neutral" rating and set a $230.00 target price (up from $215.00) on shares of MongoDB in a research note on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and an average target price 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.