Savant Capital LLC Cuts Stock Position in MongoDB, Inc. $MDB

Savant Capital LLC lessened its holdings in MongoDB, Inc. (NASDAQ:MDB) by 75.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 784 shares of the company’s stock after selling 2,461 shares during the period. Savant Capital LLC’s holdings in MongoDB were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Cornerstone Planning Group LLC increased its holdings 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 purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the 4th quarter valued at $28,000. Huntington National Bank increased its holdings in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in MongoDB in the 4th quarter valued at $33,000. Finally, Global Trust Asset Management LLC acquired a new stake in MongoDB in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. This represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% 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. Insiders have sold 76,616 shares of company stock worth $26,629,774 in the last ninety days. 2.60% of the stock is owned by insiders.

MongoDB Trading Down 7.7%

MDB opened at $350.74 on Friday. The company has a fifty day simple moving average of $285.37 and a 200 day simple moving average of $334.35. The firm has a market cap of $28.19 billion, a price-to-earnings ratio of -947.95 and a beta of 1.57. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. 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, analysts forecast that MongoDB, Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Piper Sandler increased their price target on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, May 29th. The Goldman Sachs Group decreased their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. BMO Capital Markets raised their price target on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Barclays raised their price target on shares of MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $394.45.

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.