Employees Provident Fund Board Takes $203.37 Million Position in MongoDB, Inc. $MDB

Employees Provident Fund Board acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel reports. The fund acquired 484,559 shares of the company’s stock, valued at approximately $203,365,000. MongoDB makes up 1.5% of Employees Provident Fund Board’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in MongoDB in the 4th quarter valued at approximately $28,000. Huntington National Bank boosted its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB during the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC grew its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the sale, the director owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. This represents a 1.01% 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 have sold 137,616 shares of company stock valued at $49,371,944 in the last ninety days. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Weiss Ratings cut shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Mizuho raised their target price on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Guggenheim reaffirmed a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research report on Friday, May 29th. Finally, Citigroup reiterated a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB Price Performance

NASDAQ:MDB opened at $332.75 on Friday. MongoDB, Inc. has a 12-month low of $196.00 and a 12-month high of $444.72. The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of -899.32, a P/E/G ratio of 1,200.08 and a beta of 1.57. The stock’s 50 day moving average price is $304.76 and its two-hundred day moving average price is $335.25.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate 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 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect that MongoDB, Inc. will post 0.02 EPS for the current year.

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.