Pacer Advisors Inc. Has $2.50 Million Stock Holdings in MongoDB, Inc. $MDB

Pacer Advisors Inc. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 25.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,214 shares of the company’s stock after buying an additional 2,096 shares during the period. Pacer Advisors Inc.’s holdings in MongoDB were worth $2,500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the fourth quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of MongoDB in the first quarter valued at approximately $34,000. Root Financial Partners LLC increased its stake in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of MongoDB by 79.7% during the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 7.8%

Shares of MDB stock opened at $398.80 on Friday. The stock has a market cap of $32.08 billion, a P/E ratio of -1,077.84, a price-to-earnings-growth ratio of 1,516.39 and a beta of 1.55. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The stock has a 50 day simple moving average of $341.98 and a 200 day simple moving average of $315.79.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million for 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% on a year-over-year basis. During the same quarter last year, the company earned $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. Analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler boosted their price target on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Tigress Financial increased their price objective on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wedbush lifted their target price on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Cantor Fitzgerald boosted their target price on shares of MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $405.35.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the transaction, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. The trade was a 3.30% 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. 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 stock was 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 of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 125,746 shares of company stock worth $46,763,418 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

MongoDB Company Profile

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.