SC US Ttgp LTD. Takes $662,000 Position in MongoDB, Inc. $MDB

SC US Ttgp LTD. acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,706 shares of the company’s stock, valued at approximately $662,000. MongoDB accounts for 0.0% of SC US Ttgp LTD.’s holdings, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ValueAct Holdings L.P. grew its position in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. Norges Bank acquired a new stake in shares of MongoDB during the fourth quarter worth about $574,821,000. AQR Capital Management LLC lifted its position in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of MongoDB by 611.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after purchasing an additional 614,559 shares during the period. Finally, Amundi boosted its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 0.3%

Shares of NASDAQ:MDB opened at $298.22 on Friday. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72. The company’s 50 day moving average is $336.75 and its two-hundred day moving average is $320.24. The company has a market cap of $23.99 billion, a PE ratio of -806.00, a P/E/G ratio of 1,225.98 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) 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 analysts’ expectations 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 for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous 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, equities research analysts expect that MongoDB, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent research reports. Piper Sandler upped their target price on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Citigroup reissued a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Bank of America boosted their price target on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Mizuho upped their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, UBS Group increased their price objective on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $405.35.

Insider Buying and Selling

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the firm’s 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 sale, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director directly owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,746 shares of company stock valued at $47,343,538 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

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.