Resona Asset Management Co. Ltd. Raises Position in MongoDB, Inc. $MDB

Key Points

• Resona Asset Management Co. Ltd. increased its stake in MongoDB, Inc. by 6% in Q1, bringing its total holdings to approximately $3.88 million worth of shares.
• Director Dwight A. Merriman and CEO Dev Ittycheria both sold shares recently, with Ittycheria's sale amounting to over $2 million, indicating a decrease in their stock positions.
• MongoDB's latest quarterly earnings beat analyst estimates, reporting $549 million in revenue and an EPS of $1.00, reflecting a 21.8% increase year-over-year.

Resona Asset Management Co. Ltd. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,088 shares of the company's stock after purchasing an additional 1,243 shares during the period. Resona Asset Management Co. Ltd.'s holdings in MongoDB were worth $3,881,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of MongoDB by 4.0% in the 1st quarter. HighTower Advisors LLC now owns 19,520 shares of the company's stock worth $3,424,000 after buying an additional 747 shares during the last quarter. Motley Fool Asset Management LLC grew its position in shares of MongoDB by 23.2% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,350 shares of the company's stock valued at $237,000 after acquiring an additional 254 shares during the period. Nuveen LLC purchased a new stake in shares of MongoDB during the 1st quarter worth approximately $42,890,000. Entropy Technologies LP bought a new stake in shares of MongoDB in the 1st quarter worth approximately $897,000. Finally, Sierra Summit Advisors LLC purchased a new position in MongoDB in the first quarter valued at approximately $3,749,000. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

In related 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 value of $245,000.00. Following the sale, the director directly 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 Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director 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. Over the last ninety days, insiders sold 51,416 shares of company stock worth $11,936,656. Company insiders own 3.10% of the company's stock.

MongoDB Stock Performance

Shares of MDB stock traded down $8.45 on Tuesday, hitting $218.61. 1,760,454 shares of the company's stock traded hands, compared to its average volume of 2,315,104. The company's fifty day simple moving average is $215.59 and its 200 day simple moving average is $208.31. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of -191.76 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business's revenue 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. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MDB shares. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Citigroup lifted their price objective on MongoDB from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Monday. Macquarie reaffirmed a "neutral" rating and set a $230.00 price objective (up from $215.00) on shares of MongoDB in a report on Friday, June 6th. Cantor Fitzgerald raised their price objective on shares of MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Finally, Stephens initiated coverage on shares of MongoDB in a research note on Friday, July 18th. They issued an "equal weight" rating and a $247.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $283.46.

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.