Swedbank AB Sells 149,038 Shares of MongoDB, Inc. $MDB

Swedbank AB cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 580,686 shares of the company’s stock after selling 149,038 shares during the quarter. Swedbank AB’s holdings in MongoDB were worth $142,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ValueAct Holdings L.P. boosted its position in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp raised its position in MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after buying an additional 40,219 shares during the last quarter. Amundi raised its position in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares during the last quarter. Geode Capital Management LLC lifted its stake in MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its holdings in MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after acquiring an additional 852,540 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Piper Sandler upped their price objective on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Guggenheim reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Mizuho lifted their target price on shares of MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Citigroup restated a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Twenty-seven investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

MongoDB Stock Up 1.0%

Shares of MDB stock opened at $361.32 on Wednesday. The company has a 50 day moving average of $325.22 and a 200-day moving average of $328.60. MongoDB, Inc. has a 12-month low of $198.47 and a 12-month high of $444.72. The firm has a market cap of $29.06 billion, a P/E ratio of -976.54, a PEG ratio of 1,290.82 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities analysts expect that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Transactions at MongoDB

In related news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $534,945. The trade was a 76.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the sale, the director directly owned 150,550 shares in the company, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 139,746 shares of company stock worth $50,247,978 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

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.