Bull Harbor Capital LLC Purchases Shares of 2,753 MongoDB, Inc. $MDB

Bull Harbor Capital LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,753 shares of the company’s stock, valued at approximately $674,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in MongoDB during the 1st quarter valued at about $431,000. Arkadios Wealth Advisors grew its position in shares of MongoDB by 92.9% in the 1st quarter. Arkadios Wealth Advisors now owns 4,116 shares of the company’s stock worth $1,008,000 after buying an additional 1,982 shares during the last quarter. Amundi increased its stake in shares of MongoDB by 17.8% during the first quarter. Amundi now owns 376,447 shares of the company’s stock valued at $92,143,000 after buying an additional 56,888 shares during the period. EverSource Wealth Advisors LLC lifted its stake in MongoDB by 15.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,570 shares of the company’s stock worth $384,000 after acquiring an additional 212 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in MongoDB by 68.5% in the first quarter. Quantinno Capital Management LP now owns 167,745 shares of the company’s stock valued at $41,059,000 after acquiring an additional 68,191 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In related news, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. This trade represents a 76.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 1,130 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 982,953 shares in the company, valued at $328,552,040.25. This trade represents a 0.11% decrease in their ownership of the stock. 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 90 days, insiders sold 127,746 shares of company stock worth $47,343,538. Company insiders own 2.60% of the company’s stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $325.88 on Friday. The company has a 50-day moving average of $335.87 and a 200 day moving average of $316.50. The firm has a market cap of $26.21 billion, a price-to-earnings ratio of -880.76, a PEG ratio of 1,315.98 and a beta of 1.55. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. The business 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 quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MDB shares. Citizens Jmp reissued a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Mizuho lifted their target price on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price target on shares of MongoDB in a research report on Tuesday, May 19th. Cantor Fitzgerald increased their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, UBS Group raised their price objective on shares of MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $405.35.

MongoDB 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.