MongoDB, Inc. $MDB Shares Sold by Glynn Capital Management LLC

Key Points

• Glynn Capital Management cut its MongoDB stake by 25.9% in the fourth quarter, selling 15,074 shares and leaving it with 43,063 shares worth about $18.1 million.
• MongoDB recently beat first-quarter fiscal 2027 expectations, reporting revenue of $687.6 million and adjusted EPS of $1.32, while also raising full-year guidance above consensus.
• Wall Street remains broadly positive: the stock has 26 Buy ratings, with analysts’ average target price at about $374.13, though some firms have recently trimmed their targets.

Glynn Capital Management LLC trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,063 shares of the company's stock after selling 15,074 shares during the quarter. MongoDB accounts for 6.2% of Glynn Capital Management LLC's holdings, making the stock its 5th largest holding. Glynn Capital Management LLC owned about 0.05% of MongoDB worth $18,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MDB. Vanguard Group Inc. lifted its holdings in MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company's stock worth $2,788,981,000 after buying an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. lifted its holdings in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company's stock worth $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp lifted its holdings in MongoDB by 3.7% during the 3rd quarter. State Street Corp now owns 1,756,628 shares of the company's stock worth $545,222,000 after buying an additional 63,434 shares during the last quarter. Amundi lifted its holdings in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company's stock worth $477,550,000 after buying an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company's stock worth $604,429,000 after buying an additional 9,693 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MDB shares. Stifel Nicolaus decreased their price target on MongoDB from $450.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Citigroup boosted their target price on MongoDB from $400.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Piper Sandler reduced their target price on MongoDB from $490.00 to $330.00 and set an "overweight" rating for the company in a report on Tuesday, March 3rd. Canaccord Genuity Group boosted their target price on MongoDB from $375.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays reduced their target price on MongoDB from $440.00 to $370.00 and set an "overweight" rating for the company in a report on Tuesday, March 3rd. Twenty-six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and an average target price of $374.13.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported first-quarter fiscal 2027 revenue of $687.6 million, up 25% year over year, and adjusted EPS of $1.32, both above analyst estimates. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: The company raised full-year fiscal 2027 guidance, with both revenue and EPS outlooks coming in well above consensus, which signals management confidence in continued demand. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Several reports highlighted strong Atlas growth and AI-related demand, reinforcing the view that MongoDB is benefiting from enterprise database spending and new AI workloads. MongoDB raises guidance on AI demand; stock continues rally
• Positive Sentiment: Cantor Fitzgerald raised its price target on MongoDB to $416 from $378 and kept an Overweight rating, citing stable trends and AI demand. Cantor Fitzgerald Raises MongoDB (MDB) Price Target on Stable Outlook and AI Demand
• Positive Sentiment: Other coverage emphasized that MongoDB beat both revenue and earnings estimates, adding to the bullish reaction in the shares. MongoDB (MDB) Tops Q1 Earnings and Revenue Estimates
• Neutral Sentiment: Analysts and market reports are now focused on whether MongoDB can sustain this momentum into the next quarter and beyond, given the stock’s already strong move on the results. Compared to Estimates, MongoDB (MDB) Q1 Earnings: A Look at Key Metrics

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares of the company's stock, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares of the company's stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,566 shares of company stock worth $8,744,791. Corporate insiders own 2.60% of the company's stock.

MongoDB Trading Up 10.6%

NASDAQ:MDB opened at $325.68 on Friday. The firm has a market cap of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48. The stock's 50 day simple moving average is $272.10 and its 200-day simple moving average is $333.73. MongoDB, Inc. has a 12-month low of $182.43 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company's revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Research analysts forecast that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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