Insight Holdings Group LLC Has $8.56 Million Stock Holdings in MongoDB, Inc. $MDB

Insight Holdings Group LLC cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 56.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,390 shares of the company’s stock after selling 26,010 shares during the quarter. MongoDB comprises about 0.6% of Insight Holdings Group LLC’s holdings, making the stock its 16th largest position. Insight Holdings Group LLC’s holdings in MongoDB were worth $8,557,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MDB. Cornerstone Planning Group LLC boosted its position in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB in the 4th quarter worth approximately $28,000. Huntington National Bank lifted its position in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 4.0%

MongoDB stock opened at $334.69 on Thursday. MongoDB, Inc. has a 12-month low of $196.00 and a 12-month high of $444.72. The firm’s fifty day moving average is $301.54 and its 200 day moving average is $335.27. The company has a market capitalization of $26.92 billion, a PE ratio of -904.57, a PEG ratio of 1,258.00 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the company earned $1.00 EPS. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Sell-side analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the transaction, the director owned 161,762 shares in the company, valued at $61,980,727.92. The trade was a 19.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,616 shares of company stock worth $49,371,944 over the last quarter. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $435.00 price target on shares of MongoDB in a research report on Friday, May 29th. Truist Financial dropped their price target on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Guggenheim restated a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research report on Friday, May 29th. Citigroup restated a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a research report on Tuesday, May 26th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

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.