Lombard Odier Asset Management Switzerland SA Purchases New Shares in MongoDB, Inc. $MDB

Lombard Odier Asset Management Switzerland SA purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,225 shares of the company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ValueAct Holdings L.P. lifted its stake in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares in the last quarter. State Street Corp increased its position in shares of MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi increased its position in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares during the period. Finally, Norges Bank acquired a new stake in shares of MongoDB during the fourth quarter valued at approximately $574,821,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research note on Friday, May 29th. KGI Securities initiated coverage on shares of MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 target price on the stock. Scotiabank restated an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Tigress Financial raised their target price on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $405.35.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the sale, the director directly 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 legal filing with the Securities & Exchange Commission, 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 MongoDB stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 127,746 shares of company stock valued at $47,343,538 in the last three months. Company insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $310.62 on Wednesday. The company has a market capitalization of $24.98 billion, a PE ratio of -839.51, a PEG ratio of 1,269.30 and a beta of 1.55. The company’s 50 day moving average price is $335.86 and its 200 day moving average price is $317.73. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72.

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 analysts’ consensus estimates 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 was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, equities analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

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.