Motley Fool Asset Management LLC Acquires 7,595 Shares of MongoDB, Inc. $MDB

Motley Fool Asset Management LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 573.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,920 shares of the company’s stock after acquiring an additional 7,595 shares during the quarter. Motley Fool Asset Management LLC’s holdings in MongoDB were worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MDB. ValueAct Holdings L.P. raised its holdings in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. Norges Bank bought a new stake in MongoDB during the 4th quarter valued at $574,821,000. AQR Capital Management LLC raised its holdings in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. raised its holdings in MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after acquiring an additional 852,540 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in MongoDB by 162.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after acquiring an additional 678,746 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America boosted their target price on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday. Sanford C. Bernstein cut shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Citigroup reaffirmed a “buy” rating on shares of MongoDB in a report on Monday. Finally, Weiss Ratings cut shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $348.28 on Thursday. The firm has a market capitalization of $28.01 billion, a PE ratio of -941.30, a price-to-earnings-growth ratio of 1,227.24 and a beta of 1.57. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The firm has a fifty day moving average of $291.95 and a 200 day moving average of $334.57.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Roelof Botha sold 44,050 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the transaction, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 116,616 shares of company stock worth $41,956,174 in the last three months. 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.