MongoDB, Inc. $MDB Stock Sold by North Dakota State Investment Board

North Dakota State Investment Board decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 39.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,460 shares of the company’s stock after selling 2,247 shares during the period. North Dakota State Investment Board’s holdings in MongoDB were worth $1,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDB. Evergreen Capital Management LLC lifted its stake in shares of MongoDB by 3.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 1,001 shares of the company’s stock worth $349,000 after acquiring an additional 31 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of MongoDB by 3.1% in the second quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after acquiring an additional 34 shares in the last quarter. Basecamp Wealth Advisors LLC increased its stake in shares of MongoDB by 14.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after acquiring an additional 36 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of MongoDB by 27.1% during the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after acquiring an additional 38 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of MongoDB by 4.9% during the third quarter. Brookstone Capital Management now owns 836 shares of the company’s stock valued at $291,000 after acquiring an additional 39 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird boosted their target price on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Mizuho set a $460.00 price target on MongoDB in a research note on Tuesday, September 29th. Yorkville Ives initiated coverage on MongoDB in a research report on Tuesday, October 6th. They set an “outperform” rating and a $430.00 price target on the stock. BMO Capital Markets dropped their price objective on MongoDB from $450.00 to $420.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Finally, Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $461.91.

MongoDB Price Performance

Shares of MDB opened at $352.96 on Friday. The firm’s 50 day moving average is $382.82 and its 200-day moving average is $339.06. The stock has a market capitalization of $28.43 billion, a P/E ratio of 1,673.69, a P/E/G ratio of 35.05 and a beta of 1.74. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS 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 the consensus estimate of $735.01 million. During the same period in the previous year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. 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 forecast that MongoDB, Inc. will post 0.50 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 595 shares of the stock in a transaction on 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 represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the sale, the director owned 4,328 shares of the company’s stock, valued at $1,731,200. This trade represents a 18.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 32,595 shares of company stock worth $13,465,211. 2.60% of the stock is owned by corporate insiders.

MongoDB Company 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.