Fiera Capital Corp Grows Stake in MongoDB, Inc. $MDB

Fiera Capital Corp grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 33.6% in the fourth quarter, Holdings Channel reports. The firm owned 183,035 shares of the company’s stock after purchasing an additional 46,051 shares during the period. Fiera Capital Corp’s holdings in MongoDB were worth $76,818,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC grew its position 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 valued at $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB during the 4th quarter valued at $33,000. Root Financial Partners LLC grew its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in shares of MongoDB during the 4th quarter valued at $38,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

MongoDB stock opened at $350.74 on Monday. The company has a market capitalization of $28.21 billion, a PE ratio of -947.95, a P/E/G ratio of 1,505.91 and a beta of 1.57. The firm has a fifty day simple moving average of $285.37 and a two-hundred day simple moving average of $334.31. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MDB shares. Robert W. Baird lifted their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Morgan Stanley lifted their price objective on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company dropped their price objective on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a report on Sunday. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $394.45.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares of the company’s stock, valued at $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director directly owned 27,010 shares of the company’s stock, valued at $9,453,500. This represents a 3.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 76,616 shares of company stock valued at $26,629,774 over the last three months. Insiders own 2.60% of the company’s stock.

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.