MongoDB, Inc. $MDB Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 88.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,886 shares of the company’s stock after selling 14,803 shares during the period. Strs Ohio’s holdings in MongoDB were worth $462,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its holdings in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the fourth quarter worth about $33,000. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% in the fourth 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 last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in MongoDB during the fourth quarter worth about $38,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $334.25, for a total value of $377,702.50. Following the completion of the transaction, the director owned 982,953 shares in the company, valued at approximately $328,552,040.25. This trade represents a 0.11% decrease in their position. 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 a total of 139,746 shares of company stock worth $50,247,978 in the last quarter. 2.60% of the stock is owned by insiders.

MongoDB Stock Down 5.7%

MDB opened at $342.08 on Friday. The company has a market cap of $27.51 billion, a price-to-earnings ratio of -924.54, a PEG ratio of 1,308.71 and a beta of 1.55. MongoDB, Inc. has a 52-week low of $198.47 and a 52-week high of $444.72. The firm’s fifty day simple moving average is $330.89 and its two-hundred day simple moving average is $327.77.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, research analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Canaccord Genuity Group lifted their price target on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.41.

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.