MongoDB, Inc. $MDB Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,570 shares of the company’s stock after selling 1,810 shares during the period. Hsbc Holdings PLC’s holdings in MongoDB were worth $14,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clark Financial Services Group Inc. BD increased its holdings in shares of MongoDB by 1.5% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after acquiring an additional 25 shares during the last quarter. Root Financial Partners LLC boosted its holdings in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. True Wealth Design LLC boosted its holdings in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Roelof Botha sold 44,050 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the sale, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of the transaction, the director owned 983,316 shares in the company, valued at approximately $348,005,365.56. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 139,746 shares of company stock valued at $50,247,978. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDB. Monness Crespi & Hardt raised their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Oppenheimer increased their target price on shares of MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Weiss Ratings lowered shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Morgan Stanley upped their price objective on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Bank of America raised their price objective on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $396.39.

MongoDB Stock Performance

Shares of MDB opened at $361.32 on Wednesday. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The company has a market capitalization of $29.06 billion, a price-to-earnings ratio of -976.54, a price-to-earnings-growth ratio of 1,290.82 and a beta of 1.55. The firm has a 50-day simple moving average of $325.22 and a 200-day simple moving average of $328.60.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results 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 analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 EPS for the current year.

MongoDB Company Profile

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.