MassMutual Private Wealth & Trust FSB Buys 8,000 Shares of MongoDB, Inc. $MDB

Key Points

• MassMutual Private Wealth & Trust FSB increased its MongoDB position by 5,333.3% in the third quarter, buying 8,000 shares and bringing its holdings to 8,150 shares valued at $2.84 million. Institutional investors collectively own 89.29% of MongoDB.
• MongoDB reported quarterly revenue of $771.77 million, up 30.5% year over year, and earnings of $1.90 per share, exceeding analyst expectations of $1.62. The stock opened at $359.23, with a market capitalization of about $28.94 billion.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $462.59. Meanwhile, insiders sold 17,000 shares worth approximately $7.79 million over the past 90 days.

MassMutual Private Wealth & Trust FSB increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 5,333.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,150 shares of the company's stock after purchasing an additional 8,000 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in MongoDB were worth $2,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in MongoDB by 8.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,712 shares of the company's stock valued at $597,000 after purchasing an additional 137 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of MongoDB by 10.3% in the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company's stock worth $450,000 after buying an additional 125 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of MongoDB by 59.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company's stock worth $2,433,000 after buying an additional 2,697 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of MongoDB in the second quarter valued at $252,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of MongoDB by 36.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company's stock valued at $877,000 after buying an additional 701 shares during the period. Institutional investors own 89.29% of the company's stock.

Insider Activity

In other news, Director Hope Cochran sold 1,000 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the transaction, the director owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares of the company's stock, valued at $453,156,052.27. This trade represents a 1.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 17,000 shares of company stock worth $7,792,320. Company insiders own 2.60% of the company's stock.

MongoDB Stock Up 0.4%

MDB opened at $359.23 on Tuesday. The firm has a market capitalization of $28.94 billion, a P/E ratio of 505.96, a PEG ratio of 38.46 and a beta of 1.74. The stock has a fifty day moving average of $392.08 and a 200-day moving average of $334.26. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.MongoDB's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts expect that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDB. Wells Fargo & Company lifted their target price on MongoDB from $375.00 to $475.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. Weiss Ratings raised shares of MongoDB from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Scotiabank restated an "outperform" rating on shares of MongoDB in a research report on Wednesday, September 2nd. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $460.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Finally, Oppenheimer boosted their target price on shares of MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $462.59.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.

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