MongoDB, Inc. $MDB Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 891.6% in the 1st quarter, Holdings Channel reports. The fund owned 13,307 shares of the company’s stock after acquiring an additional 11,965 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in MongoDB were worth $3,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MDB. Cornerstone Planning Group LLC raised its position in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $28,000. International Assets Investment Management LLC purchased a new stake in MongoDB during the 4th quarter worth about $33,000. 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. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $38,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDB shares. Piper Sandler raised their price target on MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Truist Financial lifted their price objective on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Barclays lifted their price target on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Cantor Fitzgerald increased their price objective on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $399.47.

MongoDB Trading Up 1.0%

Shares of MDB stock opened at $362.87 on Friday. The firm has a fifty day simple moving average of $329.22 and a 200-day simple moving average of $327.67. The company has a market capitalization of $29.19 billion, a PE ratio of -980.73, a price-to-earnings-growth ratio of 1,296.20 and a beta of 1.55. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB’s quarterly 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. Equities research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total value of $377,702.50. Following the sale, the director owned 982,953 shares of the company’s stock, valued at approximately $328,552,040.25. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. This 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. In the last three months, insiders sold 139,746 shares of company stock worth $50,247,978. 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.