Public Employees Retirement System of Ohio Takes $12.90 Million Position in MongoDB, Inc. $MDB

Public Employees Retirement System of Ohio purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,406 shares of the company's stock, valued at approximately $12,901,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB during the fourth quarter valued at $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB during the first quarter valued at $34,000. CX Institutional boosted its position in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after buying an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock worth $37,000 after buying an additional 32 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares of the company's stock, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 124,746 shares of company stock valued at $48,960,038 in the last three months. Corporate insiders own 2.60% of the company's stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Analyst and investor support: DA Davidson and Robert W. Baird analysts reportedly expect MongoDB’s stock to rise, while Hedgeye named MDB a new top long idea. These endorsements may reinforce confidence in the company’s growth outlook. DA Davidson analyst outlook Robert W. Baird analyst outlook Hedgeye top long idea
• Positive Sentiment: AI product expansion: MongoDB added native connectors for major AI developer tools and integrated Voyage AI retrieval and embedding models into Atlas. Automated embeddings could reduce the complexity and cost of enterprise AI deployments, potentially strengthening Atlas adoption and long-term revenue growth. MongoDB AI tools in Atlas
• Neutral Sentiment: Earnings expectations are elevated: Wall Street is focused on Atlas momentum, expanding AI capabilities, recurring revenue obligations and other operating metrics ahead of the results. A strong report could support the rally, but the stock’s reaction will likely depend on guidance and forward indicators, not just headline revenue and earnings. MongoDB Q2 earnings preview
• Negative Sentiment: EA deal timing is a risk: The timing of MongoDB’s agreement with Electronic Arts could affect near-term results or guidance. Any delay or weaker-than-expected contribution may disappoint investors heading into earnings. MongoDB stock performance

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Canaccord Genuity Group upped their target price on shares of MongoDB from $375.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of MongoDB from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Wells Fargo & Company increased their price objective on shares of MongoDB from $375.00 to $475.00 and gave the company an "overweight" rating in a research report on Tuesday, August 25th. Mizuho raised their target price on shares of MongoDB from $325.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, May 29th. Finally, Needham & Company LLC lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $453.19.

MongoDB Price Performance

MongoDB stock opened at $446.62 on Monday. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10. The company has a market cap of $35.92 billion, a P/E ratio of -1,207.08, a P/E/G ratio of 3,172.71 and a beta of 1.55. The business has a 50-day simple moving average of $364.96 and a two-hundred day simple moving average of $321.24.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The firm had revenue of $687.62 million for the quarter, compared to analysts' expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. Research analysts anticipate that MongoDB, Inc. will post 0.01 EPS for the current fiscal year.

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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