Stableford Capital II LLC Invests $726,000 in MongoDB, Inc. $MDB

Stableford Capital II LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 2,162 shares of the company’s stock, valued at approximately $726,000.

Several other hedge funds have also modified their holdings of MDB. Integrated Wealth Concepts LLC raised its stake in shares of MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the period. NewEdge Advisors LLC boosted its stake in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new stake in MongoDB during the 2nd quarter valued at $329,000. Cresset Asset Management LLC grew its holdings in MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after buying an additional 2,697 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on 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 transaction, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal 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 10,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This trade represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 40,696 shares of company stock valued at $16,098,655 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

MongoDB Trading Down 3.5%

Shares of MongoDB stock opened at $356.00 on Wednesday. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 501.41, a PEG ratio of 38.75 and a beta of 1.58. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The business’s 50 day simple moving average is $375.28 and its 200-day simple moving average is $322.57.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter last year, the company earned $1.00 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts predict that MongoDB, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on MDB shares. Monness Crespi & Hardt upped their price objective on shares of MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Mizuho lifted their target price on MongoDB from $400.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus cut their price target on MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Morgan Stanley increased their price target on MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Finally, Robert W. Baird raised their price objective on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

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.