Capital International Ltd. CA Acquires New Holdings in MongoDB, Inc. $MDB

Capital International Ltd. CA acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,907 shares of the company’s stock, valued at approximately $5,837,000.

A number of other institutional investors have also made changes to their positions in the stock. Capital International Inc. CA bought a new position in shares of MongoDB in the 4th quarter valued at approximately $3,414,000. Capital Group Investment Management PTE. LTD. bought a new position in shares of MongoDB in the 4th quarter valued at approximately $1,280,000. Los Angeles Capital Management LLC raised its stake in shares of MongoDB by 28.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 53,356 shares of the company’s stock valued at $22,393,000 after acquiring an additional 11,838 shares in the last quarter. Telemark Asset Management LLC bought a new position in shares of MongoDB in the 4th quarter valued at approximately $16,788,000. Finally, 111 Capital raised its stake in shares of MongoDB by 2.5% in the 4th quarter. 111 Capital now owns 1,946 shares of the company’s stock valued at $817,000 after acquiring an additional 47 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised their price objective on MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Morgan Stanley raised their target price on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Weiss Ratings lowered MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $435.00 target price on MongoDB in a report on Friday, May 29th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $394.45.

MongoDB Stock Performance

Shares of MDB opened at $350.74 on Friday. The stock has a fifty day moving average price of $285.37 and a two-hundred day moving average price of $334.35. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The company has a market cap of $28.19 billion, a price-to-earnings ratio of -947.95 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share 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 return on equity of 1.39% and a negative net margin of 1.12%.The firm’s quarterly revenue was up 25.2% on a year-over-year basis. 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. As a group, research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the sale, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director owned 27,010 shares of the company’s stock, valued at approximately $9,453,500. The trade was a 3.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 76,616 shares of company stock worth $26,629,774 over the last 90 days. 2.60% of the stock is owned by insiders.

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.