American Century Companies Inc. Acquires 47,567 Shares of MongoDB, Inc. $MDB

Key Points

• American Century Companies Inc. increased its stake in MongoDB by 6.9% during the first quarter, owning 732,463 shares valued at approximately $128.5 million.
• Research analysts have set a consensus target price for MongoDB at $281.31, with a consensus rating of "Moderate Buy" from multiple reports.
• MondgoDB reported earnings of $1.00 per share for the last quarter, exceeding analyst expectations and marking a 21.8% revenue increase year-over-year.

American Century Companies Inc. raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 732,463 shares of the company's stock after purchasing an additional 47,567 shares during the quarter. American Century Companies Inc. owned approximately 0.90% of MongoDB worth $128,474,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in MongoDB in the first quarter valued at approximately $25,000. Hollencrest Capital Management bought a new position in shares of MongoDB during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted its stake in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares during the period. Coppell Advisory Solutions LLC boosted its stake in shares of MongoDB by 364.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after acquiring an additional 78 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the sale, the chief executive officer owned 256,974 shares of the company's stock, valued at approximately $60,131,916. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock valued at $11,936,656 over the last quarter. 3.10% of the stock is owned by corporate insiders.

MongoDB Price Performance

MDB traded down $8.45 during trading on Tuesday, hitting $218.61. The stock had a trading volume of 1,760,454 shares, compared to its average volume of 2,454,390. The company has a 50 day moving average price of $215.70 and a 200-day moving average price of $208.38. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of -191.76 and a beta of 1.44. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Scotiabank lifted their target price on MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Rosenblatt Securities reduced their target price on MongoDB from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. DA Davidson reiterated a "buy" rating and set a $275.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Wolfe Research assumed coverage on MongoDB in a research note on Wednesday, July 9th. They set an "outperform" rating and a $280.00 target price for the company. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of MongoDB in a research note on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $283.46.

MongoDB 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.