MongoDB, Inc. $MDB Stock Sold by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 42.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 184,162 shares of the company’s stock after selling 134,355 shares during the quarter. Artemis Investment Management LLP’s holdings in MongoDB were worth $64,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares during the period. Fred Alger Management LLC raised its holdings in MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares during the last quarter. Bank of America Corp DE raised its holdings in MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after acquiring an additional 1,852 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after purchasing an additional 195,250 shares during the period. Finally, Employees Provident Fund Board acquired a new stake in shares of MongoDB during the fourth quarter worth $203,365,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDB has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $430.00 target price on shares of MongoDB in a research note on Wednesday, September 30th. Evercore restated an “outperform” rating on shares of MongoDB in a report on Thursday, September 24th. William Blair reiterated an “outperform” rating on shares of MongoDB in a report on Monday, September 28th. Stephens decreased their target price on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $465.00 target price on shares of MongoDB in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $462.91.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $5.20 during trading on Thursday, reaching $368.23. 828,847 shares of the stock were exchanged, compared to its average volume of 2,023,352. The firm’s 50-day moving average price is $393.92 and its 200 day moving average price is $335.56. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 518.64, a price-to-earnings-growth ratio of 38.75 and a beta of 1.74. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities research analysts forecast that MongoDB, Inc. will post 0.47 EPS for the current year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the transaction, the director owned 962,953 shares in the company, valued at $453,156,052.27. This represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This trade represents a 3.41% decrease in their position. 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. Insiders sold 17,000 shares of company stock worth $7,792,320 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.