MongoDB, Inc. $MDB Shares Acquired by New York State Common Retirement Fund

by · The Cerbat Gem

New York State Common Retirement Fund boosted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,634 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. New York State Common Retirement Fund’s holdings in MongoDB were worth $24,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its holdings in MongoDB by 35.7% in the 1st quarter. Cetera Investment Advisers now owns 19,424 shares of the company’s stock valued at $3,407,000 after buying an additional 5,108 shares during the period. LPL Financial LLC boosted its position in shares of MongoDB by 30.4% in the first quarter. LPL Financial LLC now owns 47,830 shares of the company’s stock worth $8,389,000 after acquiring an additional 11,160 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of MongoDB in the first quarter worth approximately $1,759,000. PNC Financial Services Group Inc. grew its holdings in MongoDB by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the company’s stock valued at $415,000 after purchasing an additional 435 shares during the period. Finally, Banco Santander S.A. raised its stake in MongoDB by 13.2% during the first quarter. Banco Santander S.A. now owns 4,378 shares of the company’s stock worth $768,000 after purchasing an additional 512 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDB. Robert W. Baird raised their target price on shares of MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Stifel Nicolaus set a $375.00 price objective on MongoDB in a research report on Tuesday, November 4th. Canaccord Genuity Group boosted their price objective on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada increased their target price on MongoDB from $350.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $355.39.

Read Our Latest Stock Analysis on MDB

MongoDB Trading Down 1.1%

MDB stock opened at $328.87 on Tuesday. The firm has a 50 day simple moving average of $333.51 and a 200-day simple moving average of $268.89. The company has a market capitalization of $26.76 billion, a P/E ratio of -335.58 and a beta of 1.45. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS. FY 2026 guidance at 4.760-4.800 EPS. On average, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director directly owned 24,308 shares in the company, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 90,173 shares of company stock worth $29,484,646. Corporate insiders own 3.10% of the company’s stock.

MongoDB Company Profile

(Free Report)

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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