MongoDB, Inc. $MDB Stock Sold by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital cut its MongoDB stake by 50.9% in the third quarter, selling 161,838 shares and retaining 156,060 shares worth about $53.9 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $460.59; ratings include 32 Buy or Strong Buy and seven Hold recommendations.
• MongoDB’s latest reported quarter beat expectations, with EPS of $1.90 versus $1.62 expected and revenue of $771.77 million, up 30.5% year over year.

Eurizon Capital SGR S.p.A. decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 50.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,060 shares of the company's stock after selling 161,838 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.19% of MongoDB worth $53,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDB. IvyRock Asset Management HK Ltd increased its stake in shares of MongoDB by 123.1% during the 3rd quarter. IvyRock Asset Management HK Ltd now owns 2,900 shares of the company's stock valued at $1,011,000 after acquiring an additional 1,600 shares during the last quarter. R Squared Ltd acquired a new position in MongoDB during the third quarter worth approximately $431,000. Maryland State Retirement & Pension System raised its stake in MongoDB by 16.1% during the third quarter. Maryland State Retirement & Pension System now owns 4,778 shares of the company's stock worth $1,666,000 after purchasing an additional 661 shares during the period. Ritholtz Wealth Management raised its stake in MongoDB by 36.2% during the third quarter. Ritholtz Wealth Management now owns 1,441 shares of the company's stock worth $502,000 after purchasing an additional 383 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its holdings in shares of MongoDB by 4.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,071 shares of the company's stock valued at $722,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MDB shares. Barclays increased their target price on MongoDB from $460.00 to $480.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Citigroup restated a "market outperform" rating on shares of MongoDB in a report on Monday, September 28th. Robert W. Baird lifted their price objective on MongoDB from $335.00 to $400.00 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. Wells Fargo & Company increased their target price 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, Citizens Jmp reaffirmed a "market outperform" rating and set a $519.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $460.59.

MongoDB Price Performance

MongoDB stock opened at $334.20 on Friday. The company has a market cap of $26.92 billion, a PE ratio of 470.70, a P/E/G ratio of 30.93 and a beta of 1.74. The company has a fifty day moving average price of $364.90 and a two-hundred day moving average price of $335.58. 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 issued its 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 firm had revenue of $771.77 million for the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB's revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities research analysts anticipate that MongoDB, Inc. will post 0.50 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $359.97, for a total value of $3,599,700.00. Following the completion of the sale, the director directly owned 952,953 shares of the company's stock, valued at approximately $343,034,491.41. This represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the transaction, the director owned 44,642 shares in the company, valued at $15,645,235.32. This represents a 1.32% 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. In the last ninety days, insiders sold 42,465 shares of company stock worth $15,677,036. 2.60% of the stock is owned by company insiders.

MongoDB Company Profile

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.

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