MongoDB, Inc. $MDB Stake Lifted by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments increased its MongoDB stake by 26.8% in the third quarter, bringing its holdings to 42,100 shares valued at approximately $14.7 million. Institutional investors collectively own 89.29% of the company.
• Wall Street remains broadly positive, with an average rating of “Moderate Buy” and an average price target of $462.91. Recent targets range from $430 to $560.
• MongoDB shares rose 2.3% to $371.35, while the company reported quarterly EPS of $1.90 and revenue of $771.77 million, exceeding analyst estimates. Insiders sold 17,595 shares worth about $8.0 million during the latest quarter.

Zevenbergen Capital Investments LLC grew its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 26.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,100 shares of the company's stock after buying an additional 8,900 shares during the quarter. Zevenbergen Capital Investments LLC owned 0.05% of MongoDB worth $14,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDB. Smallwood Wealth Investment Management LLC bought a new position in MongoDB during the 2nd quarter worth about $34,000. NBH Bank bought a new position in shares of MongoDB during the second quarter valued at approximately $34,000. CX Institutional increased its holdings in MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after buying an additional 50 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in MongoDB in the first quarter worth approximately $34,000. Finally, Reflection Asset Management bought a new stake in MongoDB during the 4th quarter valued at $66,000. Institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group lifted their target price on MongoDB from $453.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Guggenheim reaffirmed a "buy" rating and issued a $560.00 price objective on shares of MongoDB in a research report on Tuesday, September 29th. Piper Sandler reissued an "overweight" rating and set a $470.00 target price on shares of MongoDB in a research report on Wednesday, September 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $430.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Finally, KGI Securities initiated coverage on MongoDB in a research report on Wednesday, July 8th. They set an "outperform" rating and a $470.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $462.91.

Insider Activity

In related news, Director Hope F. Cochran sold 1,000 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the transaction, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of the transaction, the director directly owned 45,237 shares of the company's stock, valued at $16,459,482.45. The trade was a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,595 shares of company stock valued at $8,008,811 in the last quarter. 2.60% of the stock is currently owned by company insiders.

MongoDB Stock Up 2.3%

Shares of NASDAQ:MDB traded up $8.32 during trading on Thursday, hitting $371.35. The stock had a trading volume of 1,839,224 shares, compared to its average volume of 2,028,881. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a market capitalization of $29.92 billion, a price-to-earnings ratio of 523.03, a price-to-earnings-growth ratio of 38.75 and a beta of 1.74. The stock has a 50-day simple moving average of $393.92 and a two-hundred day simple moving average of $335.56.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post 0.47 earnings per share for the current year.

MongoDB Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.