QVT Financial LP Purchases New Position in MongoDB, Inc. $MDB

Key Points

• QVT Financial LP has acquired a new position in MongoDB, purchasing 1,581 shares valued at approximately $277,000 during the first quarter.
• MongoDB's Q1 earnings report revealed an EPS of $1.00, exceeding analysts' expectations of $0.65, with revenue reaching $549.01 million.
• Several institutions have raised their price targets for MongoDB, with UBS Group increasing its objective from $240 to $310, reflecting strong analyst confidence in the stock.

QVT Financial LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,581 shares of the company's stock, valued at approximately $277,000.

Other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in MongoDB in the 1st quarter valued at $25,000. Hollencrest Capital Management acquired a new position in MongoDB in the first quarter worth $26,000. Cullen Frost Bankers Inc. boosted its stake in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 120 shares in the last quarter. State of Wyoming acquired a new position in MongoDB in the first quarter worth $62,000. Finally, Brooklyn Investment Group boosted its stake in MongoDB by 247.9% in the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock worth $71,000 after purchasing an additional 290 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Trading Down 0.8%

NASDAQ:MDB opened at $315.61 on Friday. The firm has a market capitalization of $25.79 billion, a price-to-earnings ratio of -322.05 and a beta of 1.44. The business's 50-day moving average price is $222.93 and its two-hundred day moving average price is $206.70. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.MongoDB's revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. 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 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MDB. UBS Group boosted their price objective on MongoDB from $240.00 to $310.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wedbush reissued an "outperform" rating and issued a $300.00 price objective on shares of MongoDB in a research note on Wednesday. Barclays boosted their price objective on MongoDB from $270.00 to $305.00 and gave the stock an "overweight" rating in a research note on Wednesday. Needham & Company LLC upped their price target on MongoDB from $270.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Macquarie upped their price target on MongoDB from $230.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $310.86.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director owned 1,104,316 shares of the company's stock, valued at $270,557,420. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock valued at $11,936,656 over the last 90 days. 3.10% of the stock is owned by company insiders.

About MongoDB

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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