Virtue Capital Management LLC Buys New Stake in MongoDB, Inc. $MDB

Virtue Capital Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,747 shares of the company’s stock, valued at approximately $609,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of MongoDB in the second quarter valued at approximately $34,000. NBH Bank acquired a new stake in shares of MongoDB in the second quarter worth $34,000. CX Institutional lifted its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after buying an additional 50 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of MongoDB in the first quarter worth $34,000. Finally, WPG Advisers LLC boosted its holdings in shares of MongoDB by 49.1% during the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock worth $58,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $519.00 target price on shares of MongoDB in a research note on Wednesday, September 30th. BMO Capital Markets dropped their target price on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Scotiabank reissued a “sector outperform” rating and set a $450.00 target price (up from $440.00) on shares of MongoDB in a research report on Thursday, October 8th. Stephens decreased their price target on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Finally, Rosenblatt Securities upped their price target on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $461.91.

MongoDB Stock Performance

NASDAQ MDB opened at $330.43 on Tuesday. The firm has a 50-day simple moving average of $380.82 and a 200 day simple moving average of $338.66. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The stock has a market cap of $26.62 billion, a PE ratio of 1,710.61, a PEG ratio of 35.82 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts forecast that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction that occurred 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 sale, the director owned 45,237 shares of the company’s stock, valued at approximately $16,459,482.45. This trade represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director owned 28,326 shares in the company, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 over the last 90 days. Insiders own 2.60% of the company’s stock.

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.