Tidal Investments LLC Lowers Stock Position in MongoDB, Inc. $MDB

Tidal Investments LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 59.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,914 shares of the company’s stock after selling 47,977 shares during the period. Tidal Investments LLC’s holdings in MongoDB were worth $11,056,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in MongoDB during the fourth quarter valued at about $33,000. Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of MongoDB in the 2nd quarter worth about $34,000. NBH Bank acquired a new position in shares of MongoDB in the 2nd quarter valued at about $34,000. Finally, 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 in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Hope Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the sale, the director directly owned 25,444 shares of the company’s stock, valued at approximately $8,754,008.20. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Berry sold 5,000 shares of MongoDB stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% 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. Over the last three months, insiders sold 30,696 shares of company stock worth $12,559,555. 2.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

MongoDB stock opened at $362.21 on Friday. The firm has a market capitalization of $29.13 billion, a PE ratio of 510.15, a price-to-earnings-growth ratio of 39.47 and a beta of 1.58. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The stock’s 50 day moving average price is $375.79 and its 200 day moving average price is $323.06.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the company earned $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, analysts forecast that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of a number of research analyst reports. Mizuho increased their target price on shares of MongoDB from $400.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. BMO Capital Markets reduced their price target on shares of MongoDB from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 2nd. Guggenheim reissued a “buy” rating and issued a $560.00 price objective on shares of MongoDB in a research report on Wednesday, September 2nd. Tigress Financial raised their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, DA Davidson restated a “buy” rating and set a $465.00 target price on shares of MongoDB in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

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 operate databases in private, hybrid or multicloud environments.