MongoDB, Inc. $MDB Shares Bought by Delta Global Management LP

by · The Markets Daily

Delta Global Management LP raised its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,697 shares of the company’s stock after acquiring an additional 10,081 shares during the quarter. MongoDB accounts for about 1.3% of Delta Global Management LP’s investment portfolio, making the stock its 15th largest holding. Delta Global Management LP’s holdings in MongoDB were worth $27,572,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the fourth quarter worth $28,000. Huntington National Bank increased its position in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the period. International Assets Investment Management LLC acquired a new stake in MongoDB in the fourth quarter worth $33,000. Finally, Root Financial Partners LLC increased its position in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Up 3.3%

NASDAQ:MDB opened at $354.18 on Tuesday. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The firm has a market capitalization of $28.49 billion, a price-to-earnings ratio of -957.24, a price-to-earnings-growth ratio of 1,236.33 and a beta of 1.57. The stock has a fifty day simple moving average of $298.04 and a 200 day simple moving average of $335.05.

MongoDB (NASDAQ:MDB – Get Free Report) 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. 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 during the quarter, compared to analyst estimates of $664.53 million. During the same quarter last year, the company posted $1.00 EPS. MongoDB’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 predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares in the company, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 116,616 shares of company stock worth $41,956,174. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MDB shares. Barclays increased their target price on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Oppenheimer raised their price target on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Weiss Ratings lowered MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Wedbush raised their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Mizuho raised their price target on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Check Out Our Latest Research Report on MDB

MongoDB Profile

(Free Report)

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.

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