Lombard Odier Asset Management Switzerland SA Makes New $545,000 Investment in MongoDB, Inc. $MDB

Lombard Odier Asset Management Switzerland SA purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,225 shares of the company’s stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. ValueAct Holdings L.P. lifted its stake in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. Norges Bank acquired a new position in MongoDB during the fourth quarter worth $574,821,000. AQR Capital Management LLC raised its holdings in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in MongoDB by 611.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after buying an additional 614,559 shares in the last quarter. Finally, Amundi lifted its position in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $310.62 on Wednesday. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of -839.51, a price-to-earnings-growth ratio of 1,269.30 and a beta of 1.55. The company has a 50-day moving average of $335.86 and a two-hundred day moving average of $317.73. MongoDB, Inc. has a 52-week low of $198.47 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. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’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 0.02 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 127,746 shares of company stock worth $47,343,538. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Tigress Financial upped their price target on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Guggenheim reissued a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Oppenheimer boosted their target price on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. KGI Securities initiated coverage on MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $385.00 target price on shares of MongoDB in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $405.35.

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.