Nykredit A S Makes New Investment in MongoDB, Inc. $MDB

Key Points

• Nykredit A/S initiated a MongoDB position in the second quarter, purchasing 31,601 shares valued at approximately $10.6 million. Institutional investors collectively own 89.29% of MongoDB’s outstanding stock.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $471.81. Goldman Sachs, Evercore, Oppenheimer, and Citizens JMP recently issued or reiterated bullish ratings and raised price targets.
• MongoDB reported quarterly adjusted EPS of $1.90, exceeding expectations of $1.62, while revenue rose 30.5% year over year to $771.77 million. The shares opened at $383.56, with a market capitalization of about $30.9 billion.

Nykredit A S bought a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 31,601 shares of the company's stock, valued at approximately $10,615,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fiera Capital Corp raised its holdings in MongoDB by 33.6% in the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company's stock worth $76,818,000 after purchasing an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company's stock valued at $6,990,000 after buying an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company's stock worth $43,022,000 after buying an additional 21,273 shares during the period. Entropy Technologies LP purchased a new stake in shares of MongoDB in the 4th quarter worth about $6,050,000. Finally, Daventry Group LP grew its position in shares of MongoDB by 21.3% in the 1st quarter. Daventry Group LP now owns 82,105 shares of the company's stock worth $20,097,000 after buying an additional 14,412 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDB. The Goldman Sachs Group increased their price target on shares of MongoDB from $453.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Citizens Jmp restated a "market outperform" rating and issued a $519.00 price objective on shares of MongoDB in a report on Wednesday, September 2nd. Oppenheimer upped their price objective on shares of MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Evercore started coverage on shares of MongoDB in a research note on Friday, August 21st. They set an "outperform" rating and a $525.00 target price for the company. Finally, Weiss Ratings upgraded shares of MongoDB from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $471.81.

MongoDB Price Performance

MDB opened at $383.56 on Monday. The firm has a market cap of $30.90 billion, a PE ratio of 540.23, a P/E/G ratio of 41.21 and a beta of 1.58. The stock has a 50-day moving average price of $378.38 and a 200-day moving average price of $325.27. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year 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. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior 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 anticipate that MongoDB, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 29,326 shares of the company's stock, valued at approximately $10,264,100. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares of the company's stock, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 18,130 shares of company stock worth $8,144,102. Corporate insiders own 2.60% of the company's stock.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.

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