NewEdge Advisors LLC Sells 1,485 Shares of MongoDB, Inc. $MDB

NewEdge Advisors LLC reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 27.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,887 shares of the company’s stock after selling 1,485 shares during the quarter. NewEdge Advisors LLC’s holdings in MongoDB were worth $951,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MDB. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% during the 4th 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. HighPoint Advisor Group LLC raised 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 worth $626,000 after buying an additional 36 shares in the last quarter. Lido Advisors LLC lifted its holdings in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after buying an additional 36 shares during the period. Larson Financial Group LLC lifted its holdings in MongoDB by 21.4% in the fourth quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock worth $100,000 after buying an additional 42 shares during the period. Finally, 111 Capital boosted its position in MongoDB by 2.5% during the 4th quarter. 111 Capital now owns 1,946 shares of the company’s stock valued at $817,000 after acquiring an additional 47 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Down 0.9%

Shares of MDB opened at $434.62 on Wednesday. The company has a market capitalization of $34.96 billion, a P/E ratio of -1,174.65, a price-to-earnings-growth ratio of 3,270.10 and a beta of 1.55. The firm has a 50 day moving average of $352.08 and a 200 day moving average of $317.28. MongoDB, Inc. has a twelve month low of $206.92 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the company 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, sell-side analysts expect that MongoDB, Inc. will post 0.01 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the transaction, the director directly owned 29,326 shares in the company, valued at approximately $10,264,100. This represents a 3.30% decrease in their position. 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. In the last 90 days, insiders sold 125,746 shares of company stock worth $49,310,038. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on MDB shares. Oppenheimer upped their target price on MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Cantor Fitzgerald upped their price target on MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Mizuho increased their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Morgan Stanley raised their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $418.26.

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.