Franklin Resources Inc. Grows Position in MongoDB, Inc. $MDB

Franklin Resources Inc. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 25.9% in the 4th quarter, HoldingsChannel reports. The fund owned 428,323 shares of the company’s stock after acquiring an additional 88,064 shares during the quarter. Franklin Resources Inc.’s holdings in MongoDB were worth $179,763,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDB. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB in the fourth quarter valued at $28,000. Huntington National Bank increased its position in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the fourth quarter valued at $33,000. Finally, Root Financial Partners LLC increased its position in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 3.5%

MongoDB stock opened at $340.28 on Wednesday. The stock has a market cap of $27.37 billion, a PE ratio of -919.68, a P/E/G ratio of 1,271.53 and a beta of 1.57. The stock has a 50-day moving average price of $289.69 and a 200 day moving average price of $334.44. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $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 predict that MongoDB, Inc. will post 0.02 EPS for the current year.

Insider Buying and Selling

In related news, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the sale, the director owned 161,762 shares in the company, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated 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. This represents 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. In the last 90 days, insiders have sold 116,616 shares of company stock worth $41,956,174. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. UBS Group raised their price target on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Mizuho raised their price target on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $395.00 price target on shares of MongoDB in a research report on Tuesday, May 19th. The Goldman Sachs Group dropped their price target on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $396.39.

MongoDB Company 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.