MongoDB, Inc. $MDB Shares Sold by Legal & General Group Plc

Key Points

• Legal & General Group Plc trimmed its MongoDB stake by 1.1% in the fourth quarter, selling 6,079 shares and leaving it with 524,265 shares valued at about $220 million.
• Several other institutional investors have recently boosted their positions, including ValueAct, AQR, Jericho Capital, Arrowstreet, and Massachusetts Financial Services, while institutions and hedge funds still own 89.29% of MongoDB’s shares.
• MongoDB shares were down 4.2% to $294.46, but the company posted better-than-expected quarterly results and analysts remain mostly bullish, with a consensus Moderate Buy rating and average price target of $374.13.

Legal & General Group Plc lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,265 shares of the company's stock after selling 6,079 shares during the quarter. Legal & General Group Plc owned 0.64% of MongoDB worth $220,029,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. lifted its holdings in MongoDB by 206.8% in 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. raised its stake in shares of MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company's stock valued at $427,871,000 after purchasing an additional 852,540 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of MongoDB by 162.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company's stock valued at $340,505,000 after purchasing an additional 678,746 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of MongoDB by 611.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company's stock valued at $300,120,000 after purchasing an additional 614,559 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares of the company's stock, valued at $6,007,107.69. This represents a 6.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the sale, the director directly owned 470,896 shares of the company's stock, valued at approximately $148,322,822.08. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 31,566 shares of company stock valued at $8,744,791. Insiders own 2.60% of the company's stock.

MongoDB Stock Down 4.2%

Shares of NASDAQ:MDB opened at $294.46 on Thursday. MongoDB, Inc. has a fifty-two week low of $182.43 and a fifty-two week high of $444.72. The firm has a 50-day simple moving average of $271.03 and a 200 day simple moving average of $333.98. The company has a market cap of $23.67 billion, a PE ratio of -334.61 and a beta of 1.48.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, research analysts forecast that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDB. BMO Capital Markets upped their target price on shares of MongoDB from $285.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Cantor Fitzgerald upped their target price on shares of MongoDB from $378.00 to $416.00 and gave the company an "overweight" rating in a research note on Tuesday. Needham & Company LLC cut their target price on shares of MongoDB from $500.00 to $300.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Bank of America upped their target price on shares of MongoDB from $350.00 to $375.00 in a research note on Tuesday, May 19th. Finally, Piper Sandler cut their target price on shares of MongoDB from $490.00 to $330.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and an average price target of $374.13.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Canaccord Genuity raised its price target on MongoDB to $400 from $375 and kept a buy rating, signaling meaningful upside from current levels and reinforcing a constructive view on the stock. Article
• Positive Sentiment: Rosenblatt reaffirmed its buy rating and $385 price target, while Cantor Fitzgerald lifted its target to $416 and maintained an overweight rating, adding to the bullish analyst backdrop. Article Article
• Positive Sentiment: Several previews ahead of Thursday’s earnings highlight strong Atlas growth, expanding AI platform momentum, and solid enterprise demand, suggesting investors may be looking for an upside surprise versus current expectations. Article
• Neutral Sentiment: MongoDB is set to report fiscal Q1 2027 results after the bell on Thursday, and traders appear to be positioning cautiously ahead of the announcement, which is contributing to elevated volatility. Article
• Negative Sentiment: The stock has also been hit by pre-earnings de-risking and lingering caution after earlier guidance-related weakness, with some investors trimming exposure before the results. Article

About MongoDB

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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