MongoDB, Inc. $MDB Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its MongoDB stake by 1,318% in the third quarter, adding 1,001,740 shares to hold 1,077,745 shares worth about $375.7 million. Institutional investors collectively own 89.29% of the company.
• MongoDB reported quarterly EPS of $1.90, above the $1.62 analyst consensus, while revenue of $771.77 million beat estimates and grew 30.5% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $460.59. The stock opened at $334.20 in the latest session cited.

Aberdeen Group plc grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1,318.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,077,745 shares of the company's stock after buying an additional 1,001,740 shares during the quarter. Aberdeen Group plc owned 1.34% of MongoDB worth $375,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB in the 2nd quarter valued at $34,000. NBH Bank bought a new stake in shares of MongoDB in the 2nd quarter worth $34,000. CX Institutional grew its stake in shares of MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company's stock worth $35,000 after acquiring an additional 50 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of MongoDB in the 1st quarter worth $34,000. Finally, WPG Advisers LLC lifted its position in shares of MongoDB by 49.1% during the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company's stock worth $58,000 after buying an additional 55 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Down 1.6%

Shares of MongoDB stock opened at $334.20 on Friday. The company's fifty day simple moving average is $364.90 and its two-hundred day simple moving average is $335.58. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The firm has a market cap of $26.92 billion, a PE ratio of 1,477.30, a price-to-earnings-growth ratio of 30.93 and a beta of 1.74.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its 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 firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. During the same quarter in the previous year, the firm posted $1.00 EPS. The company's revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 9,275 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $347.17, for a total transaction of $3,220,001.75. Following the completion of the sale, the director directly owned 72,987 shares in the company, valued at approximately $25,338,896.79. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company's stock, valued at approximately $10,648,309.92. This represents a 3.41% 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 have sold a total of 42,465 shares of company stock valued at $15,677,036 in the last quarter. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

MDB has been the topic of several research analyst reports. William Blair reiterated an "outperform" rating on shares of MongoDB in a research note on Monday, September 28th. Mizuho set a $460.00 target price on shares of MongoDB in a report on Tuesday, September 29th. UBS Group cut their price target on MongoDB from $410.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, September 30th. Monness Crespi & Hardt upped their price target on MongoDB from $460.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Finally, Robert W. Baird increased their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $460.59.

About MongoDB

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.

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