2,275 Shares in MongoDB, Inc. $MDB Purchased by Independent Financial Group LLC

Independent Financial Group LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the first quarter, Holdings Channel reports. The fund purchased 2,275 shares of the company’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Integrated Wealth Concepts LLC lifted its holdings in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $329,000. Cresset Asset Management LLC raised its position in shares of MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,697 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the sale, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB 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 sale, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $534,945. This trade represents a 76.92% 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. Insiders sold a total of 127,746 shares of company stock worth $47,343,538 over the last three months. Insiders own 2.60% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $304.97 on Thursday. The firm has a market capitalization of $24.53 billion, a PE ratio of -824.24, a P/E/G ratio of 1,260.86 and a beta of 1.55. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72. The business’s fifty day moving average price is $337.11 and its two-hundred day moving average price is $321.10.

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 the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $395.00 price objective on shares of MongoDB in a report on Tuesday, May 19th. Barclays raised their price target on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Canaccord Genuity Group lifted their price target on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Bank of America boosted their price objective on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Piper Sandler increased their price objective on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $405.35.

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.