Praxis Investment Management Inc. Purchases New Shares in MongoDB, Inc. $MDB

Key Points

• Praxis Investment Management Inc. acquired a new stake of 2,700 shares in MongoDB, Inc., valued at approximately $567,000, during the 2nd quarter.
• Insider transactions included Director Peter Thomas Killalea selling 20,000 shares for about $6.44 million and CEO Dev Ittycheria selling 33,320 shares for approximately $10 million.
• MongoDB reported a quarterly revenue of $591.4 million with a 23.7% year-over-year increase, although it missed EPS estimates by ($1.04).

Praxis Investment Management Inc. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,700 shares of the company's stock, valued at approximately $567,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC lifted its position in MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company's stock worth $314,000 after purchasing an additional 249 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC lifted its position in MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company's stock worth $98,586,000 after purchasing an additional 362,705 shares during the period. Sowell Financial Services LLC bought a new stake in MongoDB during the first quarter worth about $263,000. Finally, Red Spruce Capital LLC lifted its position in MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company's stock worth $2,842,000 after purchasing an additional 1,426 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director owned 32,293 shares of the company's stock, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 33,320 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the transaction, the chief executive officer directly owned 203,237 shares of the company's stock, valued at $61,233,275.73. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,163 shares of company stock worth $36,886,482. 3.10% of the stock is owned by corporate insiders.

MongoDB Trading Up 1.3%

MDB stock opened at $318.53 on Friday. The stock has a market capitalization of $25.92 billion, a P/E ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The firm has a 50-day moving average price of $294.73 and a 200-day moving average price of $229.61.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same period in the prior year, the company earned $0.70 EPS. The business's quarterly revenue was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $350.00 price objective on shares of MongoDB in a research report on Thursday, September 18th. Robert W. Baird upped their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $290.00 price objective on shares of MongoDB in a research report on Friday, August 22nd. Wedbush increased their target price on shares of MongoDB from $300.00 to $400.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Finally, Oppenheimer increased their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

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.

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