MongoDB, Inc. $MDB Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 13.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,831 shares of the company’s stock after buying an additional 3,984 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in MongoDB were worth $8,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after purchasing an additional 189,820 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of MongoDB by 69.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after purchasing an additional 141,755 shares during the last quarter. Fiera Capital Corp lifted its position in shares of MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after purchasing an additional 46,051 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of MongoDB by 611.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after purchasing an additional 614,559 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of MongoDB by 12,467.7% during the fourth quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock worth $135,872,000 after purchasing an additional 321,168 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $298.22 on Monday. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72. The firm has a market capitalization of $23.99 billion, a P/E ratio of -806.00, a P/E/G ratio of 1,222.21 and a beta of 1.55. The company’s fifty day moving average price is $336.75 and its 200 day moving average price is $319.53.

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, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during 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%. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. 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, sell-side analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDB. Guggenheim restated a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research note on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a report on Friday, May 29th. Canaccord Genuity Group upped their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus set a $435.00 price objective on MongoDB in a report on Friday, May 29th. Finally, Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $405.35.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,000 shares of the business’s 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 completion of the sale, the director directly owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 1,130 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 982,953 shares of the company’s stock, valued at approximately $328,552,040.25. This trade represents a 0.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 127,746 shares of company stock worth $47,343,538. Corporate insiders own 2.60% of the company’s stock.

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.