Amundi Has $187.95 Million Position in MongoDB, Inc. $MDB

Amundi cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 919,401 shares of the company’s stock after selling 142,056 shares during the quarter. Amundi’s holdings in MongoDB were worth $187,953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MDB. Montag A & Associates Inc. lifted its stake in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. True Wealth Design LLC grew its stake in shares of MongoDB by 1,193.8% during the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the period. State of Wyoming bought a new stake in MongoDB in the first quarter valued at about $62,000. Brooklyn Investment Group lifted its stake in MongoDB by 247.9% in the first quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after buying an additional 290 shares during the period. Finally, SVB Wealth LLC acquired a new position in MongoDB in the first quarter valued at about $96,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday. Monness Crespi & Hardt upped their target price on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Bank of America increased their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Piper Sandler reissued an “overweight” rating and issued a $490.00 price target (up previously from $400.00) on shares of MongoDB in a report on Tuesday. Finally, Sanford C. Bernstein upped their price objective on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $415.39.

MongoDB Stock Up 3.2%

NASDAQ:MDB opened at $409.62 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $419.50. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of -470.83 and a beta of 1.45. The stock’s 50 day moving average price is $340.44 and its two-hundred day moving average price is $274.32.

MongoDB (NASDAQ:MDB) last announced 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 company had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Charles M. Hazard, Jr. sold 833 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $326.13, for a total value of $271,666.29. Following the completion of the sale, the director owned 44,867 shares of the company’s stock, valued at $14,632,474.71. The trade was a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total value of $1,640,000.00. Following the completion of the sale, the director owned 1,051,316 shares of the company’s stock, valued at approximately $431,039,560. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 95,172 shares of company stock valued at $31,450,450. Corporate insiders own 3.10% of the company’s stock.

MongoDB Company Profile

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.