5,000 Shares in MongoDB, Inc. $MDB Acquired by Diker Management LLC

Diker Management LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,000 shares of the company’s stock, valued at approximately $2,098,000. MongoDB comprises approximately 1.6% of Diker Management LLC’s portfolio, making the stock its 10th largest holding.

Other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB during the 4th quarter worth approximately $28,000. Huntington National Bank raised its stake in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB during the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 1.5%

Shares of MongoDB stock opened at $348.81 on Wednesday. MongoDB, Inc. has a 12-month low of $196.00 and a 12-month high of $444.72. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of -942.73, a PEG ratio of 1,277.37 and a beta of 1.57. The firm’s 50 day simple moving average is $299.95 and its two-hundred day simple moving average is $335.21.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the prior year, the business posted $1.00 EPS. MongoDB’s revenue for the quarter was up 25.2% compared to the same quarter last year. 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, sell-side analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 132,616 shares of company stock worth $47,588,794. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Oppenheimer upped their price target on shares of MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. BMO Capital Markets upped their price target on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Needham & Company LLC restated an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Morgan Stanley upped their price target on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Citigroup restated a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $396.39.

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.