KBC Group NV Boosts Stock Position in MongoDB, Inc. $MDB

KBC Group NV raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 75.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,018 shares of the company’s stock after purchasing an additional 72,172 shares during the period. KBC Group NV’s holdings in MongoDB were worth $41,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ValueAct Holdings L.P. grew its position in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares in the last quarter. State Street Corp raised its holdings in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi boosted its stake in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares during the last quarter. Geode Capital Management LLC boosted its stake in MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares during the last quarter. Finally, Norges Bank bought a new position in MongoDB during the 4th quarter valued at $574,821,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Tigress Financial boosted their target price on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wedbush increased their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Bank of America lifted their price target on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Finally, BMO Capital Markets boosted their price objective on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $405.35.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,130 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $334.25, for a total transaction of $377,702.50. Following the sale, the director owned 982,953 shares in the company, valued at $328,552,040.25. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. This represents a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is owned by company insiders.

MongoDB Price Performance

MDB stock opened at $323.36 on Tuesday. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72. The firm has a fifty day moving average price of $337.09 and a two-hundred day moving average price of $322.70. The firm has a market cap of $26.01 billion, a price-to-earnings ratio of -873.95, a PEG ratio of 1,126.44 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

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.