Invesco Ltd. Has $111.60 Million Stake in MongoDB, Inc. $MDB

Key Points

• Invesco Ltd. reduced its stake in MongoDB, Inc. by 22.2%, owning 636,256 shares afterward, which are valued at approximately $111.6 million.
• Analysts have a positive outlook on MongoDB, with several recent upgrades to price targets, including a new target of $270.00 from Barclays.
• Recent insider sales include CEO Dev Ittycheria selling 8,335 shares for over $2 million, indicating a decrease of 3.4% in his ownership.

Invesco Ltd. cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 636,256 shares of the company's stock after selling 181,894 shares during the period. Invesco Ltd. owned about 0.78% of MongoDB worth $111,599,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its position in MongoDB by 3.9% in the fourth 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 increased its stake in shares of MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after buying an additional 65 shares during the period. Wedbush Securities Inc. raised its holdings in MongoDB by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock valued at $530,000 after buying an additional 77 shares during the last quarter. Fifth Third Bancorp boosted its position in MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the period. Finally, Arizona State Retirement System grew 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 worth $3,772,000 after acquiring an additional 83 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares of the company's stock, valued at $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 25,005 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 $5,851,170.00. Following the completion of the sale, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. The trade was a 8.87% 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 worth $11,936,656 in the last quarter. Company insiders own 3.10% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $8.45 during midday trading on Tuesday, reaching $218.61. The company's stock had a trading volume of 1,760,454 shares, compared to its average volume of 2,315,104. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm has a 50 day moving average price of $215.59 and a two-hundred day moving average price of $208.31. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of -191.76 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last released its 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 return on equity of 3.16% and a negative net margin of 4.09%.The business had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same quarter last year, the firm posted $0.51 earnings per share. The firm'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 anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDB. Cantor Fitzgerald raised their price target on shares of MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of MongoDB in a research report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and set a $345.00 target price on shares of MongoDB in a report on Thursday, June 5th. BMO Capital Markets began coverage on MongoDB in a research report on Monday, July 28th. They issued an "outperform" rating and a $280.00 price target on the stock. Finally, Citigroup raised their price objective on MongoDB from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Monday. One equities research 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 stock. According to data from MarketBeat, the stock presently 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.