MongoDB, Inc. $MDB Stock Holdings Increased by Polar Capital Holdings Plc

Polar Capital Holdings Plc increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 730.6% during the fourth quarter, Holdings Channel reports. The fund owned 431,207 shares of the company’s stock after acquiring an additional 379,289 shares during the quarter. MongoDB makes up 0.7% of Polar Capital Holdings Plc’s holdings, making the stock its 29th largest holding. Polar Capital Holdings Plc’s holdings in MongoDB were worth $180,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% during the fourth 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 acquired a new stake in shares of MongoDB during the fourth quarter valued at approximately $28,000. Huntington National Bank raised its holdings in shares of MongoDB by 110.9% during the third 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 acquired a new stake in shares of MongoDB during the fourth quarter valued at approximately $33,000. Finally, Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $348.81 on Wednesday. The company’s 50 day moving average price is $299.95 and its 200 day moving average price is $335.21. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The company has a market capitalization of $28.05 billion, a PE ratio of -942.73, a PEG ratio of 1,277.37 and a beta of 1.57.

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

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of MongoDB in a report on Friday, May 29th. Needham & Company LLC restated an “overweight” rating on shares of MongoDB in a report on Friday, May 29th. Oppenheimer boosted their price target on shares of MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $395.00 price target on shares of MongoDB in a report on Tuesday, May 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction that occurred 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 represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 132,616 shares of company stock valued at $47,588,794. Company insiders own 2.60% of the company’s stock.

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.