Thematics Asset Management Trims Holdings in MongoDB, Inc. $MDB

Key Points

• Thematics Asset Management reduced its holdings in MongoDB, Inc. by 14.7% during the first quarter, owning 112,813 shares valued at approximately $19.79 million after selling 19,500 shares.
• MongoDB's recent earnings report shows an earnings per share of $1.00, exceeding estimates, with a revenue of $549.01 million, marking a 21.8% increase year-over-year.
• Despite insider sales and varying analyst ratings, the stock has a consensus rating of "Moderate Buy" with a target price averaging $283.46.

Thematics Asset Management trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,813 shares of the company's stock after selling 19,500 shares during the period. Thematics Asset Management owned 0.14% of MongoDB worth $19,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after acquiring an additional 481,023 shares during the period. Primecap Management Co. CA grew its position in shares of MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after purchasing an additional 780,200 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of MongoDB during the 1st quarter valued at $128,706,000. American Century Companies Inc. increased its holdings in shares of MongoDB by 6.9% in the first quarter. American Century Companies Inc. now owns 732,463 shares of the company's stock worth $128,474,000 after purchasing an additional 47,567 shares during the period. Finally, Deutsche Bank AG raised its position in shares of MongoDB by 134.6% in the first quarter. Deutsche Bank AG now owns 690,774 shares of the company's stock worth $121,162,000 after buying an additional 396,311 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Up 7.6%

Shares of MDB stock traded up $22.40 during midday trading on Thursday, reaching $318.10. 10,708,429 shares of the stock were exchanged, compared to its average volume of 2,502,896. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The firm has a market cap of $25.99 billion, a PE ratio of -324.59 and a beta of 1.44. The company's 50 day moving average is $218.36 and its two-hundred day moving average is $206.87.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 1.76% and a negative net margin of 3.54%.The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter last year, the company earned $0.51 EPS. The firm'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. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MDB shares. Oppenheimer boosted their target price on MongoDB from $275.00 to $325.00 and gave the stock an "outperform" rating in a research report on Wednesday. Needham & Company LLC boosted their price objective on MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday. Canaccord Genuity Group upped their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday. Stephens began coverage on shares of MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 target price for the company. Finally, Robert W. Baird increased their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $310.86.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB 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 transaction, the director directly owned 1,104,316 shares of the company's stock, valued at $270,557,420. The trade was a 0.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the completion of the transaction, the chief executive officer directly owned 236,557 shares in the company, valued at $57,693,886.73. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,416 shares of company stock worth $11,936,656 in the last three months. Corporate insiders own 3.10% of the company's stock.

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.