Eurizon Capital SGR S.p.A. Invests $3.92 Million in MongoDB, Inc. $MDB

Eurizon Capital SGR S.p.A. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, HoldingsChannel reports. The firm purchased 9,344 shares of the company’s stock, valued at approximately $3,923,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the period. Central Pacific Bank Trust Division bought a new stake in MongoDB in the 4th quarter valued at $28,000. Huntington National Bank raised its stake in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. International Assets Investment Management LLC bought a new stake in MongoDB in the 4th quarter valued at $33,000. Finally, Global Trust Asset Management LLC bought a new stake in MongoDB in the 4th quarter valued at $38,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the sale, the director directly owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director owned 24,093 shares of the company’s stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 31,566 shares of company stock worth $8,744,791. 2.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MDB opened at $403.88 on Tuesday. The firm has a market cap of $32.46 billion, a P/E ratio of -1,091.57 and a beta of 1.57. MongoDB, Inc. has a 52-week low of $183.64 and a 52-week high of $444.72. The business’s fifty day moving average is $276.11 and its 200-day moving average is $333.69.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior 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. On average, research analysts predict that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the topic of a number of research analyst reports. Mizuho increased their price target on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank restated an “outperform” rating on shares of MongoDB in a research note on Friday. Wells Fargo & Company dropped their price target on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Finally, Guggenheim reiterated a “buy” rating and set a $475.00 price objective on shares of MongoDB in a research report on Friday. Twenty-seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $390.43.

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.