MASTERINVEST Kapitalanlage GmbH Decreases Stock Holdings in MongoDB, Inc. $MDB

MASTERINVEST Kapitalanlage GmbH lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,483 shares of the company’s stock after selling 2,328 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in MongoDB were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. raised 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 in the last quarter. State Street Corp boosted its holdings in shares of MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after buying an additional 40,219 shares in the last quarter. Amundi boosted its holdings in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Geode Capital Management LLC grew its position in shares of MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after buying an additional 9,693 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of MongoDB in the 4th quarter worth approximately $574,821,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB opened at $333.04 on Thursday. The company’s fifty day moving average price is $335.55 and its 200-day moving average price is $324.92. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72. The firm has a market capitalization of $26.79 billion, a PE ratio of -900.11, a price-to-earnings-growth ratio of 1,243.07 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter last year, the business posted $1.00 EPS. The firm’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. As a group, research analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the sale, the director owned 25,444 shares of the company’s stock, valued at $8,754,008.20. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% 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. In the last ninety days, insiders sold 127,746 shares of company stock valued at $47,343,538. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Monness Crespi & Hardt lifted their price target on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price target on shares of MongoDB in a research report on Tuesday, May 19th. Finally, Scotiabank reiterated 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average 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.