Canada Pension Plan Investment Board Purchases 211,023 Shares of MongoDB, Inc. $MDB

Key Points

• The Canada Pension Plan Investment Board increased its stake in MongoDB, Inc. by 46.4% in Q1, now owning approximately 0.82% of the company valued at $116.85 million.
• Several institutional investors significantly boosted their holdings, with Primecap Management Co. acquiring an 863.5% increase, owning 870,550 shares valued at $152.69 million.
• MongoDB's stock recently reported a $1.00 EPS for the quarter, exceeding analyst estimates of $0.65, and the company is guiding for FY 2026 EPS of 2.940-3.120.

Canada Pension Plan Investment Board boosted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 46.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 666,209 shares of the company's stock after purchasing an additional 211,023 shares during the period. Canada Pension Plan Investment Board owned about 0.82% of MongoDB worth $116,853,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Cloud Capital Management LLC purchased a new position in shares of MongoDB during the first quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new position in shares of MongoDB during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. increased its stake in shares of MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after buying an additional 120 shares during the period. State of Wyoming purchased a new position in shares of MongoDB during the first quarter valued at approximately $62,000. Finally, Brooklyn Investment Group increased its stake in shares of MongoDB by 247.9% during the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after buying an additional 290 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDB has been the topic of several research reports. Macquarie lifted their price target on MongoDB from $230.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Sanford C. Bernstein upped their price target on MongoDB from $319.00 to $338.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Truist Financial upped their price target on MongoDB from $275.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. DA Davidson upped their price target on MongoDB from $275.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $310.86.

MongoDB Trading Up 0.8%

MongoDB stock traded up $2.68 during mid-day trading on Tuesday, hitting $318.29. The company had a trading volume of 4,180,839 shares, compared to its average volume of 2,532,486. The stock's 50 day moving average price is $225.17 and its two-hundred day moving average price is $206.28. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a market capitalization of $26.01 billion, a PE ratio of -324.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter 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 1,000 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director directly owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director directly owned 21,096 shares in the company, valued at approximately $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 84,736 shares of company stock valued at $21,975,639. 3.10% of the stock is currently owned by corporate insiders.

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.