Dockside LLC Makes New Investment in MongoDB, Inc. $MDB

Dockside LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,491 shares of the company’s stock, valued at approximately $1,885,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. boosted 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 purchasing an additional 1,427,700 shares during the last quarter. Norges Bank acquired a new stake in MongoDB during the 4th quarter worth $574,821,000. AQR Capital Management LLC boosted its stake in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its stake in MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in MongoDB by 162.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after purchasing an additional 678,746 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MDB. BMO Capital Markets lifted their price target on MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. DA Davidson reiterated a “buy” rating and set a $375.00 price target on shares of MongoDB in a report on Friday, May 29th. Wells Fargo & Company reduced their price target on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald lifted their price target on MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $396.39.

MongoDB Trading Down 3.3%

Shares of MDB opened at $342.80 on Friday. The firm has a market cap of $27.57 billion, a P/E ratio of -926.49, a price-to-earnings-growth ratio of 1,236.34 and a beta of 1.57. MongoDB, Inc. has a 12-month low of $196.00 and a 12-month high of $444.72. The company’s 50-day moving average price is $296.01 and its 200 day moving average price is $334.86.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The firm had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities research analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director directly owned 27,010 shares in the company, valued at approximately $9,453,500. The trade was a 3.57% decrease in their position. The sale was disclosed in a filing 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, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the sale, the director owned 161,762 shares in the company, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 116,616 shares of company stock valued at $41,956,174 in the last quarter. 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.