MongoDB, Inc. $MDB is Glynn Capital Management LLC’s 5th Largest Position

Glynn Capital Management LLC trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 25.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,063 shares of the company’s stock after selling 15,074 shares during the period. MongoDB comprises 6.2% of Glynn Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Glynn Capital Management LLC’s holdings in MongoDB were worth $18,073,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Cramer Rosenthal Mcglynn LLC grew its holdings in MongoDB by 897.7% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock valued at $17,938,000 after buying an additional 52,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in MongoDB by 1,277.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after buying an additional 16,896 shares during the last quarter. Penserra Capital Management LLC grew its holdings in MongoDB by 42.1% during the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after buying an additional 39,978 shares during the last quarter. Kinetic Partners Management LP grew its holdings in MongoDB by 27.2% during the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after buying an additional 41,810 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in MongoDB by 115.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after buying an additional 189,820 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Up 10.6%

MDB stock opened at $325.68 on Friday. MongoDB, Inc. has a 52-week low of $182.43 and a 52-week high of $444.72. The stock’s fifty day simple moving average is $272.10 and its 200-day simple moving average is $333.73. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of -370.09 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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 1.03% and a negative net margin of 2.89%.The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s 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. As a group, analysts anticipate that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MDB. Monness Crespi & Hardt lowered their target price on MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. UBS Group lowered their target price on MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Truist Financial lowered their target price on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 target price on shares of MongoDB in a report on Tuesday, May 19th. Finally, Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Twenty-six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $374.13.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported first-quarter fiscal 2027 revenue of $687.6 million, up 25% year over year, and adjusted EPS of $1.32, both above analyst estimates. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: The company raised full-year fiscal 2027 guidance, with both revenue and EPS outlooks coming in well above consensus, which signals management confidence in continued demand. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Several reports highlighted strong Atlas growth and AI-related demand, reinforcing the view that MongoDB is benefiting from enterprise database spending and new AI workloads. MongoDB raises guidance on AI demand; stock continues rally
• Positive Sentiment: Cantor Fitzgerald raised its price target on MongoDB to $416 from $378 and kept an Overweight rating, citing stable trends and AI demand. Cantor Fitzgerald Raises MongoDB (MDB) Price Target on Stable Outlook and AI Demand
• Positive Sentiment: Other coverage emphasized that MongoDB beat both revenue and earnings estimates, adding to the bullish reaction in the shares. MongoDB (MDB) Tops Q1 Earnings and Revenue Estimates
• Neutral Sentiment: Analysts and market reports are now focused on whether MongoDB can sustain this momentum into the next quarter and beyond, given the stock’s already strong move on the results. Compared to Estimates, MongoDB (MDB) Q1 Earnings: A Look at Key Metrics

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on 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 $295,998,234.84. This trade represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,566 shares of company stock worth $8,744,791 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

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.