Eminence Capital LP Sells 277,223 Shares of MongoDB, Inc. $MDB

Eminence Capital LP cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 64.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,822 shares of the company’s stock after selling 277,223 shares during the period. Eminence Capital LP’s holdings in MongoDB were worth $65,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MDB. Evolve Private Wealth LLC bought a new stake in shares of MongoDB in the fourth quarter worth approximately $591,000. Cinctive Capital Management LP bought a new stake in MongoDB in the 4th quarter worth approximately $6,469,000. Contour Asset Management LLC purchased a new stake in MongoDB during the 4th quarter valued at $83,495,000. Avala Global LP lifted its holdings in shares of MongoDB by 8.9% during the 4th quarter. Avala Global LP now owns 299,166 shares of the company’s stock valued at $125,557,000 after buying an additional 24,366 shares during the period. Finally, Ardsley Advisory Partners LP purchased a new position in shares of MongoDB in the 4th quarter worth $8,694,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 6,500 shares of the company’s stock, valued at $2,318,095. This trade represents a 43.48% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated 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 owned 161,762 shares in the company, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 137,616 shares of company stock valued at $49,371,944. 2.60% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

MDB opened at $334.69 on Thursday. The firm has a market cap of $26.92 billion, a P/E ratio of -904.57, a PEG ratio of 1,258.00 and a beta of 1.57. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The company has a 50 day simple moving average of $301.54 and a two-hundred day simple moving average of $335.27.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same period last year, the firm earned $1.00 EPS. The company’s revenue 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. Equities analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Monness Crespi & Hardt upped their price target on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, May 29th. BMO Capital Markets raised their price objective on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Bank of America upped 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, June 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $375.00 price target on shares of MongoDB in a research report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $396.39.

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.