4,762 MongoDB, Inc. $MDB Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 13.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 41,491 shares of the company’s stock after buying an additional 4,762 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in MongoDB were worth $14,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDB. Cassaday & Co Wealth Management LLC purchased a new position in shares of MongoDB during the 1st quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $34,000. NBH Bank acquired a new position in shares of MongoDB in the 2nd quarter valued at $34,000. CX Institutional lifted its stake in shares of MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Finally, WPG Advisers LLC boosted its holdings in MongoDB by 49.1% during the third quarter. WPG Advisers LLC now owns 167 shares of the company’s stock worth $58,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $338.12 on Thursday. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 476.23, a price-to-earnings-growth ratio of 30.22 and a beta of 1.74. The business’s 50 day moving average price is $366.62 and its 200-day moving average price is $336.32.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts expect that MongoDB, Inc. will post 0.50 earnings per share for the current year.

Insider Activity at MongoDB

In other news, Director Archana Agrawal sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the sale, the director owned 4,328 shares of the company’s stock, valued at $1,731,200. The trade was a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,465 shares of company stock worth $20,382,936 in the last ninety days. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler restated an “overweight” rating and set a $470.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a report on Tuesday, October 13th. BTIG Research started coverage on shares of MongoDB in a research report on Tuesday. They issued a “buy” rating and a $417.00 price objective for the company. Robert W. Baird increased their target price on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Finally, Truist Financial increased their target price on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $460.59.

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.