MongoDB, Inc. $MDB Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its MongoDB stake by 10.7% in the second quarter, bringing its holdings to 153,687 shares worth approximately $51.6 million. Institutional investors collectively own 89.29% of the company.
• MongoDB exceeded quarterly expectations, reporting $1.90 in adjusted EPS versus the $1.62 consensus estimate and revenue of $771.77 million, up 30.5% year over year.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $471.81, above its reported opening price of $362.21.

National Pension Service increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,687 shares of the company's stock after purchasing an additional 14,866 shares during the period. National Pension Service owned 0.19% of MongoDB worth $51,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at about $33,000. Root Financial Partners LLC grew its position in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company's stock valued at $37,000 after acquiring an additional 32 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB during the second quarter worth $34,000. NBH Bank purchased a new position in shares of MongoDB in the second quarter valued at $34,000. Finally, CX Institutional boosted its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other MongoDB news, Director Hope Cochran sold 1,566 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the transaction, the director owned 25,444 shares of the company's stock, valued at approximately $8,754,008.20. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Berry sold 5,000 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,696 shares of company stock worth $12,559,555 in the last 90 days. Corporate insiders own 2.60% of the company's stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $362.21 on Friday. MongoDB, Inc. has a 1-year low of $215.68 and a 1-year high of $473.10. The business's fifty day moving average price is $375.79 and its two-hundred day moving average price is $323.06. The company has a market capitalization of $29.18 billion, a P/E ratio of 510.15, a PEG ratio of 38.24 and a beta of 1.58.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (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 return on equity of 1.06% and a net margin of 2.12%.The company's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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, research analysts expect that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of MongoDB from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Weiss Ratings raised shares of MongoDB from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Citigroup restated a "buy" rating and set a $565.00 price objective (up from $545.00) on shares of MongoDB in a research report on Wednesday, September 2nd. Tigress Financial upped their price target on shares of MongoDB from $430.00 to $515.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Finally, Rosenblatt Securities increased their price objective on shares of MongoDB from $395.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $471.81.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.

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