Mirae Asset Global Investments Co. Ltd. Cuts Position in MongoDB, Inc. $MDB

Key Points

• Mirae Asset Global Investments Co. Ltd. significantly reduced its stake in MongoDB, Inc. by 97.3%, selling 47,405 shares and holding only 1,323 shares worth $278,000 as of its last filing.
• Several analysts have upgraded their price targets for MongoDB, with Goldman Sachs raising it from $325 to $370 and JMP Securities increasing theirs from $345 to $375, indicating a positive outlook for the company's stock.
• Insider trading activity included notable sales, such as CAO Thomas Bull selling 1,000 shares and Director Dwight A. Merriman selling 25,000 shares, reflecting a decrease in their respective ownership stakes.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 97.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,323 shares of the company's stock after selling 47,405 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in MongoDB were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of MongoDB during the 1st quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the first quarter worth about $26,000. Cullen Frost Bankers Inc. increased its position in shares of MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares during the last quarter. State of Wyoming acquired a new stake in MongoDB during the 1st quarter valued at approximately $62,000. Finally, Brooklyn Investment Group boosted its stake in shares of MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of MongoDB from $325.00 to $370.00 and gave the company a "buy" rating in a report on Thursday, September 18th. JMP Securities boosted their price target on MongoDB from $345.00 to $375.00 and gave the company a "market outperform" rating in a report on Friday, September 19th. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Needham & Company LLC raised their price target on shares of MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Finally, Wells Fargo & Company began coverage on shares of MongoDB in a research note on Tuesday, September 30th. They set an "overweight" rating and a $430.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $342.69.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer directly owned 11,598 shares of the company's stock, valued at $3,783,847.50. This trade represents a 7.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 25,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares of the company's stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,163 shares of company stock valued at $31,862,322 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $314.44 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of -320.86 and a beta of 1.50. The stock's 50 day moving average price is $285.61 and its 200 day moving average price is $225.20.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. During the same period in the prior year, the business earned $0.70 EPS. The company's quarterly revenue was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, sell-side analysts expect 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.

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