Healthcare of Ontario Pension Plan Trust Fund Buys New Stake in MongoDB, Inc. $MDB

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 76,500 shares of the company’s stock, valued at approximately $18,725,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in MongoDB by 115.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in MongoDB by 69.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after buying an additional 141,755 shares during the last quarter. Fiera Capital Corp boosted its holdings in MongoDB by 33.6% in the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in MongoDB by 611.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after acquiring an additional 614,559 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of MongoDB by 12,467.7% during the fourth quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock worth $135,872,000 after acquiring an additional 321,168 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Guggenheim reiterated a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research note on Friday, May 29th. Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research report on Friday, May 29th. Needham & Company LLC raised their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Barclays lifted their price objective on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $405.35.

Insider Activity

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 127,746 shares of company stock valued at $47,343,538 over the last quarter. Insiders own 2.60% of the company’s stock.

MongoDB Stock Up 3.9%

MongoDB stock opened at $309.71 on Tuesday. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of -837.05, a price-to-earnings-growth ratio of 1,222.21 and a beta of 1.55. The stock has a 50-day moving average price of $336.34 and a 200 day moving average price of $318.64.

MongoDB (NASDAQ:MDB) last issued its earnings results 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 return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. MongoDB’s revenue for the quarter 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. Research analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

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.