MongoDB, Inc. $MDB Stock Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its MongoDB stake by 542% in the third quarter, adding 4,661 shares and ending the period with 5,521 shares valued at about $1.93 million. Institutional investors collectively own 89.29% of the company.
• Analysts give MongoDB a consensus “Moderate Buy” rating, with an average price target of $461.91; views include 2 Strong Buy, 29 Buy, and 7 Hold ratings.
• MongoDB’s latest reported quarter beat estimates, with EPS of $1.90 versus $1.62 expected and revenue of $771.77 million, up 30.5% year over year.

CenterBook Partners LP lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 542.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,521 shares of the company's stock after acquiring an additional 4,661 shares during the quarter. CenterBook Partners LP's holdings in MongoDB were worth $1,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in MongoDB by 0.3% in the first quarter. Bank of America Corp DE now owns 555,305 shares of the company's stock valued at $135,922,000 after acquiring an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company's stock worth $134,616,000 after purchasing an additional 195,250 shares in the last quarter. Amundi raised its holdings in MongoDB by 17.8% in the 1st quarter. Amundi now owns 376,447 shares of the company's stock worth $92,143,000 after purchasing an additional 56,888 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in MongoDB by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company's stock worth $91,514,000 after purchasing an additional 11,606 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company's stock worth $89,979,000 after purchasing an additional 204,446 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In related news, Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the completion of the transaction, the director directly owned 44,642 shares of the company's stock, valued at $15,645,235.32. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the transaction, the director directly owned 4,328 shares of the company's stock, valued at approximately $1,731,200. This trade represents a 18.77% decrease in their ownership of the stock. 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 have sold 52,465 shares of company stock valued at $20,382,936 in the last quarter. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and set a $560.00 target price on shares of MongoDB in a research note on Tuesday, September 29th. Zacks Research upgraded shares of MongoDB from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $540.00 price target on shares of MongoDB in a research note on Friday, October 2nd. Stifel Nicolaus lowered their price objective on shares of MongoDB from $465.00 to $385.00 and set a "buy" rating for the company in a report on Wednesday, September 30th. Finally, Rosenblatt Securities raised their price objective on shares of MongoDB from $395.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $461.91.

MongoDB Stock Performance

MDB opened at $312.83 on Monday. The stock has a fifty day simple moving average of $373.35 and a two-hundred day simple moving average of $337.26. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 440.61, a price-to-earnings-growth ratio of 28.48 and a beta of 1.74. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the firm posted $1.00 earnings per share. The company's revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts predict that MongoDB, Inc. will post 0.50 EPS for the current year.

About MongoDB

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.

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