MongoDB, Inc. $MDB Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK increased its MongoDB position by 8.6% in the third quarter, adding 7,568 shares to hold 95,220 shares valued at about $33.2 million. Institutional investors and hedge funds own 89.29% of the company.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus from 38 analysts and an average price target of $461.91. Recent targets range from $385 to $540.
• MongoDB beat quarterly expectations, reporting EPS of $1.90 versus $1.62 expected and revenue of $771.77 million versus $735.01 million expected; revenue grew 30.5% year over year.

AEGON ASSET MANAGEMENT UK Plc lifted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 95,220 shares of the company's stock after purchasing an additional 7,568 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.12% of MongoDB worth $33,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MDB. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB in the 2nd quarter worth approximately $34,000. NBH Bank acquired a new stake in MongoDB during the 2nd quarter valued at $34,000. CX Institutional increased its holdings in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in MongoDB in the 1st quarter valued at $34,000. Finally, WPG Advisers LLC raised its position in MongoDB by 49.1% in the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company's stock valued at $58,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MDB shares. Stifel Nicolaus reduced their price objective on MongoDB from $465.00 to $385.00 and set a "buy" rating on the stock in a research note on Wednesday, September 30th. Needham & Company LLC restated a "buy" rating and issued a $430.00 target price on shares of MongoDB in a research note on Tuesday, October 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $540.00 price target on shares of MongoDB in a report on Friday, October 2nd. Mizuho set a $460.00 price target on shares of MongoDB in a research report on Tuesday, September 29th. Finally, Barclays increased their price objective on shares of MongoDB from $460.00 to $480.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $461.91.

Insiders Place Their Bets

In other MongoDB news, Director Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total value of $208,523.70. Following the transaction, the director owned 44,642 shares of the company's stock, valued at approximately $15,645,235.32. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director owned 4,328 shares of the company's stock, valued at $1,731,200. This trade represents a 18.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,465 shares of company stock valued at $20,382,936 in the last quarter. 2.60% of the stock is owned by company insiders.

MongoDB Trading Up 4.6%

MongoDB stock opened at $327.37 on Tuesday. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10. The company has a market cap of $26.37 billion, a PE ratio of 1,427.74, a PEG ratio of 29.90 and a beta of 1.74. The company's 50-day moving average is $370.97 and its two-hundred day moving average is $336.99.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB's revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts forecast that MongoDB, Inc. will post 0.50 EPS for the current year.

MongoDB Profile

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.

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