Gulf International Bank UK Ltd Sells 1,170 Shares of MongoDB, Inc. $MDB

Key Points

• Gulf International Bank UK Ltd reduced its holdings in MongoDB, Inc. by 21.2% in Q1, now owning 4,359 shares valued at approximately $764,000.
• Insiders, including CEO Dev Ittycheria and Director Dwight A. Merriman, have sold significant shares, reducing their ownership by 3.40% and 0.09%, respectively.
• Analysts project that MongoDB will achieve a revenue of $549.01 million for the last quarter, surpassing expectations, while maintaining a consensus "Moderate Buy" rating with an average target price of $281.31.

Gulf International Bank UK Ltd lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,359 shares of the company's stock after selling 1,170 shares during the quarter. Gulf International Bank UK Ltd's holdings in MongoDB were worth $764,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after acquiring an additional 481,023 shares during the period. Primecap Management Co. CA increased its holdings in MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after purchasing an additional 780,200 shares in the last quarter. First Trust Advisors LP increased its holdings in MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after purchasing an additional 95,893 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of MongoDB in the 1st quarter valued at $128,706,000. Finally, Deutsche Bank AG increased its stake in shares of MongoDB by 134.6% in the 1st quarter. Deutsche Bank AG now owns 690,774 shares of the company's stock valued at $121,162,000 after buying an additional 396,311 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

NASDAQ MDB traded down $8.45 on Tuesday, hitting $218.61. 1,760,454 shares of the stock were exchanged, compared to its average volume of 2,454,390. The company has a market capitalization of $17.86 billion, a PE ratio of -191.76 and a beta of 1.44. The business's fifty day moving average is $215.70 and its 200 day moving average is $208.38. 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, 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 business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period last year, the firm earned $0.51 earnings per share. MongoDB's revenue for the quarter was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MDB shares. Monness Crespi & Hardt upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target on the stock in a report on Thursday, June 5th. Piper Sandler lifted their price objective on MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Loop Capital lowered MongoDB from a "buy" rating to a "hold" rating and reduced their price objective for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Stephens began coverage on MongoDB in a research note on Friday, July 18th. They issued an "equal weight" rating and a $247.00 target price on the stock. Finally, Guggenheim reaffirmed a "buy" rating and set a $260.00 price objective on shares of MongoDB in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $283.46.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company's stock, valued at $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the sale, the director directly owned 1,107,006 shares in the company, valued at approximately $259,039,404. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company's stock.

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.