Cinctive Capital Management LP Purchases Shares of 15,413 MongoDB, Inc. $MDB

Cinctive Capital Management LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 15,413 shares of the company’s stock, valued at approximately $6,469,000.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted 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 worth $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of MongoDB during the 4th quarter worth approximately $28,000. Huntington National Bank lifted its position in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the period. International Assets Investment Management LLC bought a new position in shares of MongoDB during the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC lifted 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 worth $37,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MDB shares. Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Canaccord Genuity Group raised their target price on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Barclays raised their target price on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Citigroup restated a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

MongoDB Stock Performance

Shares of MDB opened at $334.69 on Thursday. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of -904.57, a PEG ratio of 1,258.00 and a beta of 1.57. The business’s fifty day moving average price is $301.54 and its two-hundred day moving average price is $335.27. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating 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 business’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period 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. As a group, research analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total value of $3,539,100.00. Following the completion of the transaction, the director owned 983,316 shares in the company, 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. Insiders have sold a total of 137,616 shares of company stock valued at $49,371,944 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

MongoDB 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.