MMS • RSS
Victory Capital Management Inc. lessened its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,157 shares of the company’s stock after selling 2,347 shares during the period. Victory Capital Management Inc. owned 0.07% of MongoDB worth $9,675,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 111 Capital purchased a new stake in shares of MongoDB in the fourth quarter worth $390,000. Park Avenue Securities LLC raised its position in shares of MongoDB by 52.6% in the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company’s stock worth $461,000 after buying an additional 907 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after buying an additional 298 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of MongoDB in the first quarter worth $263,000. Finally, Farther Finance Advisors LLC raised its position in shares of MongoDB by 57.2% in the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company’s stock worth $219,000 after buying an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Insider Buying and Selling at MongoDB
In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% 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. Also, CEO Dev Ittycheria sold 3,747 shares of MongoDB stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $206.05, for a total transaction of $772,069.35. Following the transaction, the chief executive officer owned 253,227 shares of the company’s stock, valued at $52,177,423.35. The trade was a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,746 shares of company stock valued at $7,725,196. 3.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Mizuho lowered their price objective on MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Truist Financial lowered their price target on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Redburn Atlantic upgraded MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target on the stock in a research report on Thursday, April 17th. UBS Group raised their price target on MongoDB from $213.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Finally, Stifel Nicolaus lowered their price target on MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $281.35.
Read Our Latest Analysis on MongoDB
MongoDB Stock Performance
MongoDB stock opened at $235.16 on Friday. The stock’s 50 day simple moving average is $205.47 and its two-hundred day simple moving average is $212.72. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of -206.28 and a beta of 1.41. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. On average, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.
MongoDB Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat’s analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.