Interval Partners LP Purchases New Position in MongoDB, Inc. $MDB

Interval Partners LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,354 shares of the company’s stock, valued at approximately $11,480,000.

Other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $28,000. Huntington National Bank boosted its holdings 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 purchasing an additional 51 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $33,000. Finally, Root Financial Partners LLC boosted its holdings 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 purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent research reports. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a research note on Tuesday, May 26th. Citizens Jmp reissued a “market outperform” rating and issued a $366.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Finally, Monness Crespi & Hardt boosted their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Twenty-eight 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. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

MongoDB Trading Down 4.0%

Shares of MDB stock opened at $334.69 on Thursday. The business’s fifty day simple moving average is $301.54 and its 200-day simple moving average is $335.27. The company has a market cap of $26.92 billion, a PE ratio of -904.57, a PEG ratio of 1,258.00 and a beta of 1.57. MongoDB, Inc. has a 12-month low of $196.00 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for 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 business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, equities analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 6,500 shares of the company’s stock, valued at approximately $2,318,095. This represents a 43.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director directly owned 983,316 shares in the company, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 137,616 shares of company stock valued at $49,371,944. Company insiders own 2.60% of the company’s stock.

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.