Norges Bank Makes New Investment in MongoDB, Inc. $MDB

Key Points

• Norges Bank initiated a large new position in MongoDB during the fourth quarter, buying 1.37 million shares valued at about $574.8 million. The stake represented roughly 1.68% of the company.
• MongoDB recently beat quarterly expectations, reporting $1.32 EPS and $687.6 million in revenue, with sales up 25.2% year over year. Management also raised fiscal 2027 guidance, signaling continued momentum.
• Despite the strong results, some insiders sold shares, including director Dwight A. Merriman, who sold 10,000 shares. Analysts remain broadly upbeat, with a consensus rating of Moderate Buy and an average target price of $390.43.

Norges Bank bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,369,632 shares of the company's stock, valued at approximately $574,821,000. Norges Bank owned about 1.68% of MongoDB as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in MongoDB during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its holdings in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB during the 4th quarter worth approximately $33,000. Global Trust Asset Management LLC bought a new position in MongoDB during the 4th quarter worth approximately $38,000. Finally, Huntington National Bank lifted its holdings in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company's stock worth $30,000 after buying an additional 51 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the sale, the director directly owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,566 shares of company stock valued at $8,744,791 over the last three months. Corporate insiders own 2.60% of the company's stock.

MongoDB Price Performance

MongoDB stock opened at $335.55 on Monday. MongoDB, Inc. has a 52-week low of $182.43 and a 52-week high of $444.72. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of -906.89 and a beta of 1.57. The firm has a 50-day moving average price of $273.44 and a two-hundred day moving average price of $333.46.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB's revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Research analysts expect that MongoDB, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDB. Monness Crespi & Hardt increased their target price on MongoDB from $370.00 to $415.00 and gave the stock a "buy" rating in a report on Friday. Zacks Research raised MongoDB from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Canaccord Genuity Group increased their target price on MongoDB from $375.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. Weiss Ratings downgraded MongoDB from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, April 29th. Finally, Cantor Fitzgerald raised their price target on MongoDB from $378.00 to $416.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $390.43.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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