Mirae Asset Global Investments Co. Ltd. Makes New $10.42 Million Investment in MongoDB, Inc. $MDB

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 29,888 shares of the company’s stock, valued at approximately $10,419,000.

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

MongoDB Stock Performance

Shares of MDB opened at $328.38 on Thursday. The stock has a market capitalization of $26.45 billion, a PE ratio of 462.51, a P/E/G ratio of 30.53 and a beta of 1.74. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10. The company’s 50-day simple moving average is $377.94 and its 200-day simple moving average is $338.09.

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

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research analyst reports. Scotiabank reissued a “sector outperform” rating and issued a $450.00 price target (up from $440.00) on shares of MongoDB in a research note on Thursday, October 8th. BMO Capital Markets lowered their price objective on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Monness Crespi & Hardt increased their price objective on shares of MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Citigroup reiterated a “market outperform” rating on shares of MongoDB in a report on Monday, September 28th. Finally, Morgan Stanley reissued an “overweight” rating on shares of MongoDB in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $461.91.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Zacks added MDB to its Rank #1 (Strong Buy) growth-stocks list for November 4, a favorable analyst-screening signal. Best Growth Stocks to Buy for November 4th
• Neutral Sentiment: MongoDB appointed Alex Newman to lead its Australia and New Zealand business. The leadership change could support regional execution, but no expected financial impact was reported. MongoDB appoints Alex Newman to lead Australia and New Zealand business
• Negative Sentiment: Directors reported share sales totaling about 19,870 shares on November 2. The transactions were made under pre-arranged Rule 10b5-1 plans, which may temper concern, and the directors retained substantial holdings. Director transaction filing
• Negative Sentiment: Coverage noted MongoDB shares falling alongside Snowflake and Akamai, suggesting weakness across some technology peers; the report did not identify a specific MongoDB catalyst. Snowflake, MongoDB, and Akamai shares are falling
• Negative Sentiment: MongoDB stock dipped while the broader market gained, indicating relative weakness in the session. MongoDB Stock Dips While Market Gains

Insider Buying and Selling at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 595 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $350.46, for a total transaction of $208,523.70. Following the sale, the director owned 44,642 shares of the company’s stock, valued at approximately $15,645,235.32. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 F. Cochran sold 1,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,465 shares of company stock valued at $20,382,936 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

About MongoDB

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.