Norges Bank Buys New Stake in MongoDB, Inc. $MDB

Norges Bank bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,369,632 shares of the company’s stock, valued at approximately $574,821,000.

Several other large investors have also recently added to or reduced their stakes in MDB. Cornerstone Planning Group LLC increased its position in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the 4th quarter valued at approximately $28,000. Huntington National Bank increased its position in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB during the 4th quarter valued at $33,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB during the 4th quarter valued at $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDB. Truist Financial lowered their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Robert W. Baird lifted their price target on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price target on shares of MongoDB in a research report on Tuesday, May 19th. Morgan Stanley lifted their price target on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research report on Friday. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $390.43.

MongoDB Price Performance

MDB opened at $335.55 on Monday. The firm has a market cap of $26.97 billion, a PE ratio of -906.89 and a beta of 1.57. The business has a fifty day simple moving average of $273.44 and a 200-day simple moving average of $333.46. MongoDB, Inc. has a fifty-two week low of $182.43 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last released 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 business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s revenue was up 25.2% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 31,566 shares of company stock valued at $8,744,791. Corporate insiders own 2.60% of the company’s stock.

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.