Public Employees Retirement System of Ohio Takes Position in MongoDB, Inc. $MDB

Public Employees Retirement System of Ohio acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the second quarter, HoldingsChannel reports. The institutional investor acquired 38,406 shares of the company’s stock, valued at approximately $12,901,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. raised its stake in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp increased its stake in shares of MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi raised its position in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares during the period. Geode Capital Management LLC raised its position in shares of MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after purchasing an additional 9,693 shares during the period. Finally, Norges Bank purchased a new position in shares of MongoDB during the 4th quarter valued at $574,821,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

MDB opened at $446.62 on Monday. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of -1,207.08, a PEG ratio of 3,172.71 and a beta of 1.55. The company has a fifty day moving average of $364.96 and a 200 day moving average of $321.24. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. On average, equities research analysts forecast that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Bank of America upped their target price on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Citigroup reissued an “outperform” rating on shares of MongoDB in a report on Wednesday, August 19th. Tigress Financial boosted their price objective on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. BMO Capital Markets upped their price objective on MongoDB from $375.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada increased their target price on MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $453.19.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the sale, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 124,746 shares of company stock valued at $48,960,038. 2.60% of the stock is owned by corporate insiders.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Analyst and investor support: DA Davidson and Robert W. Baird analysts reportedly expect MongoDB’s stock to rise, while Hedgeye named MDB a new top long idea. These endorsements may reinforce confidence in the company’s growth outlook. DA Davidson analyst outlook Robert W. Baird analyst outlook Hedgeye top long idea
• Positive Sentiment: AI product expansion: MongoDB added native connectors for major AI developer tools and integrated Voyage AI retrieval and embedding models into Atlas. Automated embeddings could reduce the complexity and cost of enterprise AI deployments, potentially strengthening Atlas adoption and long-term revenue growth. MongoDB AI tools in Atlas
• Neutral Sentiment: Earnings expectations are elevated: Wall Street is focused on Atlas momentum, expanding AI capabilities, recurring revenue obligations and other operating metrics ahead of the results. A strong report could support the rally, but the stock’s reaction will likely depend on guidance and forward indicators, not just headline revenue and earnings. MongoDB Q2 earnings preview
• Negative Sentiment: EA deal timing is a risk: The timing of MongoDB’s agreement with Electronic Arts could affect near-term results or guidance. Any delay or weaker-than-expected contribution may disappoint investors heading into earnings. MongoDB stock performance

About MongoDB

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.