California State Teachers Retirement System Sells 2,186 Shares of MongoDB, Inc. $MDB

California State Teachers Retirement System lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,470 shares of the company’s stock after selling 2,186 shares during the period. California State Teachers Retirement System owned about 0.15% of MongoDB worth $29,243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MDB. Cornerstone Planning Group LLC raised its stake in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of MongoDB in the fourth quarter worth about $33,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of MongoDB in the first quarter worth about $34,000. Root Financial Partners LLC increased its holdings in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in MongoDB during the 4th quarter valued at about $38,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB opened at $337.48 on Friday. The company has a 50-day simple moving average of $336.10 and a two-hundred day simple moving average of $316.65. The firm has a market capitalization of $27.14 billion, a PE ratio of -912.11, a price-to-earnings-growth ratio of 1,335.57 and a beta of 1.55. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share 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 firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter 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. Analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Tigress Financial boosted their target price on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. DA Davidson restated a “buy” rating and set a $375.00 target price on shares of MongoDB in a report on Friday, May 29th. Finally, Morgan Stanley raised their price target on MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $405.35.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction 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 approximately $10,264,100. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 firm’s stock in a transaction 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 transaction, the director directly owned 982,953 shares of the company’s stock, valued at $328,552,040.25. This 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 127,746 shares of company stock valued at $47,343,538 over the last ninety days. Insiders own 2.60% of the company’s stock.

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.