Calamos Advisors LLC Buys 16,697 Shares of MongoDB, Inc. $MDB

Calamos Advisors LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,291 shares of the company’s stock after purchasing an additional 16,697 shares during the quarter. Calamos Advisors LLC’s holdings in MongoDB were worth $22,761,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new stake in MongoDB in the 2nd quarter valued at about $34,000. NBH Bank acquired a new position in shares of MongoDB during the second quarter worth about $34,000. CX Institutional increased its stake in shares of MongoDB by 94.3% during 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 period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB during the first quarter worth approximately $34,000. Finally, WPG Advisers LLC raised its holdings in MongoDB by 49.1% in the third quarter. WPG Advisers LLC now owns 167 shares of the company’s stock valued at $58,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDB. Guggenheim reiterated a “buy” rating and issued a $560.00 price target on shares of MongoDB in a research note on Tuesday, September 29th. Robert W. Baird raised their price objective on shares of MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research report on Tuesday, October 13th. Citizens Jmp reiterated a “market outperform” rating and set a $519.00 target price on shares of MongoDB in a research note on Wednesday, September 30th. Finally, Oppenheimer increased their target price on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $461.91.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $348.92, for a total value of $3,489,200.00. Following the completion of the sale, the director owned 942,953 shares in the company, valued at approximately $329,015,160.76. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Hazard, Jr. sold 595 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total value of $208,523.70. Following the completion of 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,465 shares of company stock worth $20,382,936. 2.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

Shares of MDB stock traded up $8.24 during mid-day trading on Friday, hitting $312.83. 1,219,054 shares of the stock were exchanged, compared to its average volume of 1,636,612. The stock’s fifty day simple moving average is $373.35 and its two-hundred day simple moving average is $337.26. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 440.61, a P/E/G ratio of 30.08 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share 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 the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. 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, research analysts expect that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

About MongoDB

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.