MongoDB, Inc. $MDB Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in MongoDB, Inc. by 7.8%, now owning 25,443 shares valued at approximately $4.46 million.
• In the first quarter, several institutional investors increased their stakes in MongoDB, with E Fund Management Co. Ltd. boosting its stake by 116.5%.
• For Q2 2026, MongoDB has provided earnings guidance of 0.620-0.660 EPS, while their stock currently shows a negative net margin of 4.09%.

State of New Jersey Common Pension Fund D cut its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,443 shares of the company's stock after selling 2,142 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in MongoDB were worth $4,463,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its stake in MongoDB by 6.9% in the first quarter. American Century Companies Inc. now owns 732,463 shares of the company's stock valued at $128,474,000 after purchasing an additional 47,567 shares during the period. Aberdeen Group plc increased its stake in MongoDB by 72.2% in the first quarter. Aberdeen Group plc now owns 60,067 shares of the company's stock valued at $10,444,000 after purchasing an additional 25,190 shares during the period. E Fund Management Co. Ltd. increased its stake in MongoDB by 116.5% in the first quarter. E Fund Management Co. Ltd. now owns 1,901 shares of the company's stock valued at $333,000 after purchasing an additional 1,023 shares during the period. Prudential PLC increased its stake in MongoDB by 33.4% in the first quarter. Prudential PLC now owns 4,594 shares of the company's stock valued at $806,000 after purchasing an additional 1,150 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its stake in MongoDB by 6.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 22,088 shares of the company's stock valued at $3,881,000 after purchasing an additional 1,243 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 3.7%

Shares of MongoDB stock opened at $218.61 on Wednesday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The company's 50-day simple moving average is $215.70 and its 200-day simple moving average is $208.38. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of -191.76 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business posted $0.51 earnings per share. The business's 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. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares in the company, valued at approximately $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on MDB shares. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and dropped their price objective for the company from $350.00 to $190.00 in a research note on Tuesday, May 20th. DA Davidson restated a "buy" rating and issued a $275.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. UBS Group boosted their price target on shares of MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Piper Sandler boosted their price target on shares of MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Finally, Macquarie reiterated a "neutral" rating and set a $230.00 price target (up from $215.00) on shares of MongoDB in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $283.46.

MongoDB Company 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.

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