3,075 MongoDB, Inc. $MDB Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 80.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 733 shares of the company’s stock after selling 3,075 shares during the quarter. Kestra Investment Management LLC’s holdings in MongoDB were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MDB. Cassaday & Co Wealth Management LLC bought a new stake in shares of MongoDB in the first quarter worth about $34,000. Smallwood Wealth Investment Management LLC purchased a new position in MongoDB during the 2nd quarter valued at about $34,000. NBH Bank bought a new position in MongoDB during the 2nd quarter valued at approximately $34,000. CX Institutional raised its position in MongoDB by 94.3% during 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 last quarter. Finally, WPG Advisers LLC raised its position in MongoDB by 49.1% during the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock valued at $58,000 after purchasing an additional 55 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight Merriman sold 9,275 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $347.17, for a total value of $3,220,001.75. Following the completion of the transaction, the director owned 72,987 shares in the company, valued at approximately $25,338,896.79. This represents a 11.27% decrease in their ownership of the stock. 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 Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 44,642 shares of the company’s stock, valued at $15,645,235.32. This represents a 1.32% 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. Over the last ninety days, insiders have sold 42,465 shares of company stock valued at $15,677,036. Company insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Monness Crespi & Hardt increased their price objective on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Guggenheim reissued a “buy” rating and set a $560.00 target price on shares of MongoDB in a research note on Tuesday, September 29th. Citizens Jmp restated a “market outperform” rating and set a $519.00 target price on shares of MongoDB in a report on Wednesday, September 30th. Robert W. Baird raised their price target on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Finally, BTIG Research started coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $417.00 price target on the stock. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $460.59.

MongoDB Price Performance

Shares of MDB opened at $339.78 on Friday. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The company has a 50-day simple moving average of $365.91 and a two-hundred day simple moving average of $335.96. The firm has a market capitalization of $27.37 billion, a PE ratio of 478.56, a price-to-earnings-growth ratio of 30.78 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, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Analysts expect that MongoDB, Inc. will post 0.50 EPS for the current fiscal year.

MongoDB Company Profile

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.