Harel Insurance Investments & Financial Services Ltd. Raises Stock Position in MongoDB, Inc. $MDB

Key Points

• Harel Insurance Investments increased its MongoDB stake by 55% in Q1, now holding 549,970 shares worth about $134.6 million and representing roughly 0.68% of the company.
• Wall Street analysts remain broadly positive on MongoDB, with several firms raising price targets; the stock currently carries a Moderate Buy consensus and an average target price of $400.41.
• MongoDB reported stronger-than-expected quarterly results, posting $1.32 EPS and $687.6 million in revenue, while insiders have also been selling shares in recent months.

Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 55.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 549,970 shares of the company's stock after acquiring an additional 195,250 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.68% of MongoDB worth $134,616,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in MongoDB during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC bought a new position in MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC grew its holdings in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock valued at $37,000 after buying an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in MongoDB during the 4th quarter valued at approximately $38,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDB. Canaccord Genuity Group boosted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. Citizens Jmp reaffirmed a "market outperform" rating and set a $366.00 target price on shares of MongoDB in a research note on Friday, May 29th. Morgan Stanley lifted their price target on shares of MongoDB from $335.00 to $380.00 and gave the company an "overweight" rating in a report on Friday, May 29th. Bank of America boosted their price target on shares of MongoDB from $390.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, June 8th. Finally, Scotiabank reissued an "outperform" rating on shares of MongoDB in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $400.41.

Insider Activity

In related news, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the transaction, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This trade represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of MongoDB stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares of the company's stock, valued at approximately $59,929,438.50. This represents a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 131,746 shares of company stock worth $48,352,858. 2.60% of the stock is owned by insiders.

MongoDB Stock Performance

MDB stock opened at $344.67 on Wednesday. The firm has a fifty day moving average price of $334.20 and a 200 day moving average price of $325.64. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The firm has a market cap of $27.72 billion, a PE ratio of -931.54, a price-to-earnings-growth ratio of 1,218.91 and a beta of 1.55.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million for the quarter, compared to analysts' expectations of $664.53 million. During the same quarter in the previous year, the business posted $1.00 earnings per share. MongoDB's quarterly revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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