MongoDB, Inc. $MDB Stock Position Cut by Manchester Global Management UK Ltd

Manchester Global Management UK Ltd lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 18.2% during the 4th quarter, HoldingsChannel reports. The firm owned 111,999 shares of the company’s stock after selling 25,001 shares during the period. MongoDB comprises 6.3% of Manchester Global Management UK Ltd’s holdings, making the stock its 6th largest position. Manchester Global Management UK Ltd’s holdings in MongoDB were worth $47,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in MongoDB by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after purchasing an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. State Street Corp boosted its holdings in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi raised its position in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares during the period. Finally, Geode Capital Management LLC raised its position in MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after acquiring an additional 9,693 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. Wedbush increased their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Citigroup reiterated a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Robert W. Baird increased their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $385.00 price target on shares of MongoDB in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $396.39.

Insider Activity at MongoDB

In related news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the transaction, the director directly owned 983,316 shares of the company’s stock, valued at $348,005,365.56. The trade was a 1.01% 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. Over the last ninety days, insiders sold 132,616 shares of company stock valued at $47,588,794. Insiders own 2.60% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $348.81 on Wednesday. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of -942.73, a PEG ratio of 1,277.37 and a beta of 1.57. MongoDB, Inc. has a one year low of $196.00 and a one year high of $444.72. The company’s fifty day moving average price is $299.95 and its 200-day moving average price is $335.21.

MongoDB (NASDAQ:MDB) last announced 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. The firm had revenue of $687.62 million for 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 company’s revenue was up 25.2% on a year-over-year basis. During the same period last year, the firm 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. Equities research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

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.