Korea Investment CORP Sells 2,812 Shares of MongoDB, Inc. $MDB

Key Points

• Korea Investment CORP has reduced its holdings in MongoDB, Inc. by 4.8%, now owning approximately 0.07% of the company, valued at about $9.83 million.
• Institutional investors now own 89.29% of MongoDB, with several firms increasing their stakes, notably Primecap Management Co. CA growing their position by 863.5%.
• MongoDB's stock received several positive analyst ratings revisions, with target prices raised to as high as $405.00 by Citigroup, indicating strong market confidence.

Korea Investment CORP decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,059 shares of the company's stock after selling 2,812 shares during the period. Korea Investment CORP owned approximately 0.07% of MongoDB worth $9,833,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new stake in MongoDB during the first quarter valued at about $25,000. Hollencrest Capital Management purchased a new position in shares of MongoDB in the first quarter worth about $26,000. Cullen Frost Bankers Inc. increased its holdings in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after buying an additional 120 shares during the period. Coppell Advisory Solutions LLC increased its holdings in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after buying an additional 182 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of MongoDB by 247.9% in the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock worth $71,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company's stock.

MongoDB Stock Performance

Shares of MDB traded up $7.10 during mid-day trading on Friday, reaching $219.06. The company had a trading volume of 1,803,163 shares, compared to its average volume of 2,336,709. The firm has a 50-day moving average price of $216.04 and a 200 day moving average price of $206.61. 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 announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share 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 company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business earned $0.51 EPS. The firm's revenue for the quarter 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. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wedbush reissued an "outperform" rating and issued a $300.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Barclays raised their target price on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. BMO Capital Markets initiated coverage on MongoDB in a research report on Monday, July 28th. They set an "outperform" rating and a $280.00 price objective on the stock. Guggenheim reaffirmed a "buy" rating and set a $260.00 price objective on shares of MongoDB in a research report on Thursday, August 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $283.46.

About MongoDB

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.