Artemis Investment Management LLP Sells 134,355 Shares of MongoDB, Inc. $MDB

Artemis Investment Management LLP reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 42.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,162 shares of the company’s stock after selling 134,355 shares during the period. Artemis Investment Management LLP owned about 0.23% of MongoDB worth $64,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Everhart Financial Group Inc. lifted its holdings in MongoDB by 25.3% during the 3rd quarter. Everhart Financial Group Inc. now owns 1,421 shares of the company’s stock worth $495,000 after buying an additional 287 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of MongoDB by 2.8% in the 3rd quarter. Gradient Investments LLC now owns 6,961 shares of the company’s stock valued at $2,427,000 after acquiring an additional 192 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of MongoDB by 209.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 201 shares of the company’s stock worth $70,000 after acquiring an additional 136 shares in the last quarter. Juncture Wealth Strategies LLC lifted its stake in MongoDB by 10.3% during the third quarter. Juncture Wealth Strategies LLC now owns 792 shares of the company’s stock worth $276,000 after purchasing an additional 74 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in MongoDB by 5,333.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock valued at $2,841,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Up 1.4%

MDB stock traded up $5.20 on Thursday, reaching $368.23. 828,847 shares of the company’s stock were exchanged, compared to its average volume of 2,023,352. The stock has a fifty day moving average of $393.92 and a 200-day moving average of $335.56. The firm has a market cap of $29.66 billion, a PE ratio of 518.64, a P/E/G ratio of 38.75 and a beta of 1.74. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities research analysts predict that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Scotiabank reissued a “sector outperform” rating and issued a $450.00 target price (up from $440.00) on shares of MongoDB in a report on Thursday. Oppenheimer upped their target price on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. DA Davidson dropped their price target on MongoDB from $465.00 to $415.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Wells Fargo & Company boosted their price objective on MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $462.91.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the sale, the director owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the transaction, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This trade represents a 3.41% 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. Over the last quarter, insiders have sold 17,000 shares of company stock valued at $7,792,320. Insiders own 2.60% of the company’s stock.

MongoDB Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.