MongoDB, Inc. $MDB Stake Trimmed by Congress Asset Management Co.

Congress Asset Management Co. lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 502,346 shares of the company’s stock after selling 8,881 shares during the period. MongoDB makes up approximately 1.1% of Congress Asset Management Co.’s investment portfolio, making the stock its 15th biggest holding. Congress Asset Management Co.’s holdings in MongoDB were worth $175,123,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Moody National Bank Trust Division raised its holdings in shares of MongoDB by 3.1% in the second quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after buying an additional 34 shares during the period. Basecamp Wealth Advisors LLC boosted its holdings in MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after acquiring an additional 36 shares during the period. Parkside Financial Bank & Trust grew its position in MongoDB by 27.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after acquiring an additional 38 shares during the last quarter. Polymer Capital Management HK LTD grew its position in MongoDB by 2.5% in the 4th quarter. Polymer Capital Management HK LTD now owns 2,070 shares of the company’s stock valued at $869,000 after acquiring an additional 50 shares during the last quarter. Finally, CX Institutional increased its stake in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Monness Crespi & Hardt lifted their target price on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Rosenblatt Securities raised their price target on shares of MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. KGI Securities initiated coverage on shares of MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $540.00 target price on shares of MongoDB in a research note on Friday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $462.59.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $1.48 during trading hours on Tuesday, hitting $360.71. The company’s stock had a trading volume of 1,605,424 shares, compared to its average volume of 2,033,614. The firm’s fifty day moving average price is $392.08 and its 200 day moving average price is $334.26. MongoDB, Inc. has a 52 week low of $215.68 and a 52 week high of $473.10. The company has a market capitalization of $29.06 billion, a price-to-earnings ratio of 508.04, a P/E/G ratio of 38.46 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities research analysts predict that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dwight Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares in the company, valued at $204,595,768. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed 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 Cochran sold 1,000 shares of MongoDB stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares in the company, valued at $10,648,309.92. This trade represents a 3.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,000 shares of company stock valued at $7,792,320 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.