Plato Investment Management Ltd Takes $1.01 Million Position in MongoDB, Inc. $MDB

Plato Investment Management Ltd acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,035 shares of the company’s stock, valued at approximately $1,014,000.

A number of other institutional investors also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its holdings in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $329,000. Cresset Asset Management LLC increased its position in shares of MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares during the period. Finally, Cerity Partners LLC raised its stake in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after acquiring an additional 2,697 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This trade represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB 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 completion of the transaction, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 125,746 shares of company stock worth $49,310,038. 2.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Down 0.9%

MongoDB stock opened at $434.62 on Wednesday. The business’s 50-day moving average price is $352.08 and its 200 day moving average price is $317.28. The firm has a market cap of $34.96 billion, a price-to-earnings ratio of -1,174.65, a price-to-earnings-growth ratio of 3,270.10 and a beta of 1.55. MongoDB, Inc. has a 52 week low of $206.92 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the previous year, the company posted $1.00 earnings per share. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities analysts expect that MongoDB, Inc. will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Wedbush lifted their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Piper Sandler raised their price objective on MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Robert W. Baird lifted their target price on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. 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. Finally, Needham & Company LLC increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $418.26.

MongoDB 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.