Bull Harbor Capital LLC Takes $674,000 Position in MongoDB, Inc. $MDB

Bull Harbor Capital LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,753 shares of the company’s stock, valued at approximately $674,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in MongoDB in the 1st quarter valued at $431,000. Arkadios Wealth Advisors boosted its holdings in MongoDB by 92.9% during the 1st quarter. Arkadios Wealth Advisors now owns 4,116 shares of the company’s stock worth $1,008,000 after acquiring an additional 1,982 shares during the last quarter. Amundi grew its stake in shares of MongoDB by 17.8% in the 1st quarter. Amundi now owns 376,447 shares of the company’s stock worth $92,143,000 after acquiring an additional 56,888 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of MongoDB by 15.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,570 shares of the company’s stock worth $384,000 after acquiring an additional 212 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of MongoDB by 68.5% in the first quarter. Quantinno Capital Management LP now owns 167,745 shares of the company’s stock valued at $41,059,000 after purchasing an additional 68,191 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is owned by corporate insiders.

MongoDB Stock Up 1.5%

MDB opened at $325.88 on Friday. The firm has a 50-day moving average price of $335.87 and a 200-day moving average price of $316.50. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month high of $444.72. The company has a market capitalization of $26.21 billion, a price-to-earnings ratio of -880.76, a PEG ratio of 1,315.98 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the business posted $1.00 earnings per share. The business’s quarterly revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several analyst reports. Citigroup reiterated a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Stifel Nicolaus set a $435.00 target price on MongoDB in a report on Friday, May 29th. UBS Group increased their price target on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $385.00 price target on shares of MongoDB in a report on Tuesday, May 26th. Finally, Piper Sandler boosted their price objective on MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $405.35.

MongoDB Profile

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.