Point72 Europe London LLP Invests $5.66 Million in MongoDB, Inc. $MDB

Key Points

• Point72 Europe London LLP acquired a new stake in MongoDB, Inc. by purchasing 32,245 shares valued at approximately $5,656,000 in the first quarter.
• Several institutional investors, including Vanguard Group Inc. and Deutsche Bank AG, have made significant increases in their holdings, indicating strong institutional interest in the stock.
• MongoDB reported quarterly earnings of $1.00 per share, exceeding estimates, with revenues of $549.01 million, a 21.8% year-over-year increase.

Point72 Europe London LLP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,245 shares of the company's stock, valued at approximately $5,656,000.

A number of other large investors have also recently made changes to their positions in MDB. Armistice Capital LLC bought a new position in shares of MongoDB during the first quarter valued at about $7,887,000. Vident Advisory LLC lifted its position in shares of MongoDB by 25.9% during the first quarter. Vident Advisory LLC now owns 2,330 shares of the company's stock valued at $409,000 after purchasing an additional 479 shares in the last quarter. Kodai Capital Management LP lifted its position in shares of MongoDB by 50.6% during the first quarter. Kodai Capital Management LP now owns 227,736 shares of the company's stock valued at $39,945,000 after purchasing an additional 76,524 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of MongoDB by 46.4% during the first quarter. Canada Pension Plan Investment Board now owns 666,209 shares of the company's stock valued at $116,853,000 after purchasing an additional 211,023 shares in the last quarter. Finally, Siren L.L.C. bought a new position in shares of MongoDB during the first quarter valued at about $965,000. 89.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDB. DA Davidson raised their price target on shares of MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Barclays raised their price target on shares of MongoDB from $270.00 to $305.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Needham & Company LLC raised their price target on shares of MongoDB from $270.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Robert W. Baird raised their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Finally, UBS Group raised their price objective on shares of MongoDB from $240.00 to $310.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $310.86.

MongoDB Stock Performance

MongoDB stock traded up $2.68 during mid-day trading on Tuesday, hitting $318.29. 4,180,839 shares of the company traded hands, compared to its average volume of 4,028,832. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of -324.79 and a beta of 1.49. The stock has a fifty day moving average price of $227.35 and a 200-day moving average price of $207.05.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its 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. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business posted $0.51 earnings per share. MongoDB's revenue for the quarter was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the sale, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 33,320 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the sale, the chief executive officer owned 203,237 shares of the company's stock, valued at approximately $61,233,275.73. The trade was a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,736 shares of company stock worth $21,975,639 over the last three months. 3.10% of the stock is owned by insiders.

MongoDB Company 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.