OMERS ADMINISTRATION Corp Purchases 43,050 Shares of MongoDB, Inc. $MDB

Key Points

• OMERS ADMINISTRATION Corp significantly increased its stake in MongoDB, Inc., acquiring an additional 43,050 shares, resulting in a total ownership of 46,082 shares valued at approximately $8.08 million.
• Several other institutional investors also boosted their holdings in MongoDB during the first quarter, with Vanguard Group Inc. raising its stake by 6.6% and Primecap Management Co. CA increasing its stake by 863.5%.
• Analysts have expressed positive sentiment towards MongoDB's stock, with multiple upgrades in price targets from firms like Needham & Company LLC and Guggenheim, reflecting an average price target of $310.86.

OMERS ADMINISTRATION Corp raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1,419.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,082 shares of the company's stock after buying an additional 43,050 shares during the period. OMERS ADMINISTRATION Corp owned about 0.06% of MongoDB worth $8,083,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of MongoDB by 6.4% in the 4th quarter. Northern Trust Corp now owns 468,010 shares of the company's stock valued at $108,957,000 after acquiring an additional 27,981 shares in the last quarter. Lido Advisors LLC lifted its position in shares of MongoDB by 74.8% in the 4th quarter. Lido Advisors LLC now owns 1,208 shares of the company's stock valued at $281,000 after acquiring an additional 517 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of MongoDB by 92.1% in the 4th quarter. AQR Capital Management LLC now owns 37,126 shares of the company's stock valued at $8,643,000 after acquiring an additional 17,802 shares in the last quarter. Utah Retirement Systems lifted its position in shares of MongoDB by 1.7% in the 4th quarter. Utah Retirement Systems now owns 11,840 shares of the company's stock valued at $2,756,000 after acquiring an additional 200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of MongoDB by 196.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company's stock valued at $10,268,000 after acquiring an additional 29,203 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MDB shares. Macquarie upped their price target on shares of MongoDB from $230.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada restated an "outperform" rating and issued a $350.00 price target on shares of MongoDB in a research report on Tuesday. Robert W. Baird upped their price target on shares of MongoDB from $260.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Bank of America upped their price target on shares of MongoDB from $275.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Finally, DA Davidson lifted their target price on shares of MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $310.86.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the transaction, the director owned 1,104,316 shares in the company, valued at $270,557,420. This trade represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the completion of the transaction, the chief executive officer owned 236,557 shares in the company, valued at $57,693,886.73. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,416 shares of company stock valued at $11,936,656. Insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MDB stock traded up $2.25 on Tuesday, hitting $317.86. The company's stock had a trading volume of 3,556,706 shares, compared to its average volume of 2,528,234. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm's fifty day moving average price is $225.17 and its 200-day moving average price is $206.28. The stock has a market capitalization of $25.97 billion, a price-to-earnings ratio of -324.03 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the previous year, the business earned $0.51 EPS. MongoDB's quarterly revenue was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB 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.