24,000 Shares in MongoDB, Inc. $MDB Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,000 shares of the company’s stock, valued at approximately $8,367,000. MongoDB comprises about 1.5% of Maxi Investments CY Ltd’s portfolio, making the stock its 16th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in MDB. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB in the 1st quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at $34,000. NBH Bank acquired a new stake in shares of MongoDB in the 2nd quarter valued at $34,000. CX Institutional lifted its position in shares of MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of MongoDB by 27.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Robert W. Baird boosted their target price on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Citizens Jmp restated a “market outperform” rating and issued a $519.00 price target on shares of MongoDB in a research note on Wednesday, September 30th. Weiss Ratings raised MongoDB from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 12th. Wells Fargo & Company lifted their price target on MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, Barclays upped their price objective on MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $461.91.

Insider Buying and Selling

In related news, Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of the sale, the director owned 45,237 shares in the company, valued at approximately $16,459,482.45. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. 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 have sold a total of 32,595 shares of company stock worth $13,465,211 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $389.11 on Tuesday. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10. The business has a 50 day simple moving average of $387.09 and a 200-day simple moving average of $339.86. The stock has a market capitalization of $31.35 billion, a PE ratio of 548.04, a price-to-earnings-growth ratio of 35.93 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current year.

MongoDB Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.