MongoDB, Inc. $MDB Shares Sold by Tidal Investments LLC

Key Points

• Tidal Investments cut its MongoDB stake by 59.3% in the second quarter, selling 47,977 shares and retaining 32,914 shares valued at approximately $11.1 million. Institutional investors collectively own 89.29% of the company.
• MongoDB exceeded quarterly expectations, reporting $1.90 in adjusted EPS versus the $1.62 consensus and revenue of $771.77 million, up 30.5% year over year.
• Analysts remain generally bullish: MongoDB has a “Moderate Buy” consensus rating and an average price target of $471.81, although insiders sold 30,696 shares worth about $12.6 million over the past 90 days.

Tidal Investments LLC lessened its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 59.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,914 shares of the company's stock after selling 47,977 shares during the quarter. Tidal Investments LLC's holdings in MongoDB were worth $11,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter worth about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of MongoDB during the 1st quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MongoDB during the 2nd quarter valued at approximately $34,000. NBH Bank purchased a new stake in shares of MongoDB during the 2nd quarter worth approximately $34,000. Finally, CX Institutional boosted its stake in shares of MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company's stock worth $35,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, Director Hope Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the transaction, the director directly owned 25,444 shares in the company, valued at approximately $8,754,008.20. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares in the company, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 30,696 shares of company stock worth $12,559,555. 2.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MDB stock opened at $362.21 on Friday. The stock has a market capitalization of $29.13 billion, a P/E ratio of 510.15, a PEG ratio of 39.47 and a beta of 1.58. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The company has a 50 day moving average price of $375.79 and a two-hundred day moving average price of $323.06.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same quarter in the prior year, the company posted $1.00 EPS. The business's revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts forecast that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on MongoDB from $449.00 to $484.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Bank of America raised their price target on MongoDB from $390.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Robert W. Baird lifted their price target on MongoDB from $335.00 to $400.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Wells Fargo & Company boosted their price objective on shares of MongoDB from $375.00 to $475.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. Finally, Oppenheimer increased their price objective on shares of MongoDB from $410.00 to $475.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $471.81.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.

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