Hsbc Holdings PLC Sells 4,438 Shares of MongoDB, Inc. $MDB

Key Points

• Hsbc Holdings PLC reduced its stake in MongoDB, Inc. by 10.2%, owning 38,936 shares worth approximately $6.81 million at the end of the last quarter.
• Several institutional investors, including Primecap Management Co. and Vanguard Group Inc., significantly increased their stakes in MongoDB, with institutional ownership now at 89.29%.
• MongoDB posted earnings that exceeded estimates, reporting $1.00 EPS against a consensus of $0.65, with revenue of $549.01 million, up 21.8% year-over-year.

Hsbc Holdings PLC reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 10.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,936 shares of the company's stock after selling 4,438 shares during the period. Hsbc Holdings PLC's holdings in MongoDB were worth $6,814,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC lifted its holdings in MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock valued at $243,000 after purchasing an additional 39 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock valued at $530,000 after purchasing an additional 77 shares during the last quarter. Fifth Third Bancorp lifted its holdings in MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after purchasing an additional 78 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in MongoDB by 0.4% during the 1st quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock valued at $3,772,000 after purchasing an additional 83 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the transaction, the chief executive officer directly owned 236,557 shares in the company, valued at $57,693,886.73. The trade was a 3.40% 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 owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDB. Citigroup lifted their price target on shares of MongoDB from $405.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday. Royal Bank Of Canada raised their price objective on shares of MongoDB from $320.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday. Guggenheim raised their price objective on shares of MongoDB from $260.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday. Needham & Company LLC raised their price objective on shares of MongoDB from $270.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Macquarie raised their price objective on shares of MongoDB from $230.00 to $265.00 and gave the company a "neutral" rating in a research report 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $310.86.

MongoDB Trading Up 7.6%

Shares of NASDAQ:MDB traded up $22.40 during trading on Thursday, hitting $318.10. 10,711,766 shares of the company's stock were exchanged, compared to its average volume of 3,579,964. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The firm has a 50-day moving average price of $220.64 and a two-hundred day moving average price of $207.09. The firm has a market cap of $25.99 billion, a P/E ratio of -324.59 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $527.49 million. During the same quarter in the previous year, the company earned $0.51 EPS. MongoDB's revenue 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. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.