MongoDB, Inc. $MDB Shares Sold by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension cut its MongoDB stake by 82.7% in the third quarter, selling 207,850 shares and retaining 43,630 shares valued at about $15.2 million.
• Other institutional investors made mixed moves, including Aberdeen Group’s 1,318% increase; institutions collectively own 89.29% of MongoDB shares.
• MongoDB beat quarterly earnings and revenue estimates, with revenue up 30.5% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $460.59.

Danica Pension Livsforsikringsaktieselskab lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 82.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,630 shares of the company's stock after selling 207,850 shares during the quarter. Danica Pension Livsforsikringsaktieselskab owned about 0.05% of MongoDB worth $15,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Aberdeen Group plc grew its position in MongoDB by 1,318.0% in the 3rd quarter. Aberdeen Group plc now owns 1,077,745 shares of the company's stock valued at $375,713,000 after buying an additional 1,001,740 shares in the last quarter. Bank of America Corp DE raised its position in shares of MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company's stock worth $135,922,000 after buying an additional 1,852 shares in the last quarter. Amundi raised its position in shares of MongoDB by 17.8% during the 1st quarter. Amundi now owns 376,447 shares of the company's stock worth $92,143,000 after buying an additional 56,888 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MongoDB by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company's stock worth $91,514,000 after acquiring an additional 11,606 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company's stock worth $89,979,000 after acquiring an additional 204,446 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Down 1.6%

NASDAQ MDB traded down $5.58 during trading on Friday, reaching $334.20. The company's stock had a trading volume of 698,231 shares, compared to its average volume of 1,453,830. The stock has a market capitalization of $26.92 billion, a PE ratio of 470.70, a PEG ratio of 30.93 and a beta of 1.74. MongoDB, Inc. has a 1-year low of $215.68 and a 1-year high of $473.10. The business has a 50-day moving average price of $364.90 and a 200-day moving average price of $335.58.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm's revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business 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. As a group, analysts expect that MongoDB, Inc. will post 0.50 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MDB shares. Oppenheimer lifted their price objective on shares of MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Monness Crespi & Hardt increased their target price on shares of MongoDB from $460.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Needham & Company LLC reissued a "buy" rating and set a $430.00 target price on shares of MongoDB in a research note on Tuesday, October 13th. UBS Group decreased their price target on shares of MongoDB from $410.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $465.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $460.59.

Insider Activity

In related news, Director Archana Agrawal sold 1,000 shares of the company's stock in a transaction 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 directly owned 4,328 shares in the company, valued at $1,731,200. This represents a 18.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the company's stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $359.97, for a total transaction of $3,599,700.00. Following the transaction, the director directly owned 952,953 shares of the company's stock, valued at $343,034,491.41. This represents a 1.04% decrease in their position. 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. Over the last quarter, insiders have sold 42,465 shares of company stock worth $15,677,036. Insiders own 2.60% of the company's stock.

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.

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