MongoDB, Inc. $MDB Shares Purchased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its ownership in MongoDB, Inc. by 20.2%, acquiring an additional 5,000 shares, bringing its total to 29,800 shares valued at approximately $6.26 million.
• Major research firms have raised their price targets for MongoDB, with Goldman Sachs increasing its target from $325 to $370, and Cantor Fitzgerald raising theirs from $312 to $406.
• MongoDB reported a loss of ($0.38) EPS for the recent quarter, missing the expected $0.66 EPS, but achieved a revenue of $591.4 million, exceeding analyst expectations of $553.23 million.

KLP Kapitalforvaltning AS raised its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,800 shares of the company's stock after purchasing an additional 5,000 shares during the period. KLP Kapitalforvaltning AS's holdings in MongoDB were worth $6,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clarius Group LLC acquired a new position in shares of MongoDB during the second quarter worth approximately $268,000. 111 Capital acquired a new position in MongoDB during the 2nd quarter worth $467,000. Ascent Group LLC acquired a new position in MongoDB during the 2nd quarter worth $202,000. Matauro LLC acquired a new position in MongoDB during the 2nd quarter worth $715,000. Finally, Lecap Asset Management Ltd. acquired a new position in MongoDB during the 2nd quarter worth $1,969,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of MongoDB from $325.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Cantor Fitzgerald upped their price target on shares of MongoDB from $312.00 to $406.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Morgan Stanley upped their price target on shares of MongoDB from $255.00 to $325.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. JMP Securities upped their price target on shares of MongoDB from $345.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Friday, September 19th. Finally, Wedbush upped their target price on MongoDB from $300.00 to $400.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

MongoDB Stock Down 5.1%

MDB stock 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 company has a market cap of $25.58 billion, a price-to-earnings ratio of -320.86 and a beta of 1.50. The company has a 50 day moving average of $285.61 and a two-hundred day moving average of $224.98.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $591.40 million for the quarter, compared to analysts' expectations of $553.23 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. MongoDB's revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, Director Charles M. Hazard, Jr. sold 166 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total transaction of $51,460.00. Following the transaction, the director owned 14,493 shares of the company's stock, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $326.25, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer owned 11,598 shares in the company, valued at $3,783,847.50. This represents a 7.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,163 shares of company stock worth $31,862,322. 3.10% of the stock is currently owned by corporate insiders.

About MongoDB

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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