MongoDB, Inc. $MDB Shares Purchased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC raised its position in MongoDB, Inc. (NASDAQ:MDB) by 26.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,100 shares of the company’s stock after acquiring an additional 8,900 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in MongoDB were worth $14,676,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MDB. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in MongoDB by 48.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of MongoDB by 19.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after buying an additional 21,273 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of MongoDB in the fourth quarter valued at about $6,050,000. Daventry Group LP raised its position in shares of MongoDB by 21.3% in the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after buying an additional 14,412 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of MongoDB by 10.7% in the second quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after buying an additional 14,866 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Up 2.3%

NASDAQ MDB traded up $8.32 on Thursday, reaching $371.35. The stock had a trading volume of 1,839,224 shares, compared to its average volume of 2,028,881. The stock has a fifty day moving average price of $393.92 and a two-hundred day moving average price of $335.56. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The firm has a market capitalization of $29.92 billion, a price-to-earnings ratio of 523.03, a P/E/G ratio of 38.75 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 for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts forecast that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total value of $216,490.75. Following the completion of the transaction, the director owned 45,237 shares of the company’s stock, valued at $16,459,482.45. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares of the company’s stock, valued at approximately $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 17,595 shares of company stock worth $8,008,811 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDB. Canaccord Genuity Group upped their price objective on shares of MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Robert W. Baird upped their target price on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. The Goldman Sachs Group raised their target price on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $465.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Finally, Barclays upped their price objective on shares of MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.91.

About MongoDB

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.