MongoDB, Inc. $MDB Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 47.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,788 shares of the company’s stock after selling 11,470 shares during the period. Brown Advisory Inc.’s holdings in MongoDB were worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after acquiring an additional 744,547 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of MongoDB by 5.2% during the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after purchasing an additional 129,451 shares during the period. Amundi grew its stake in MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after buying an additional 367,717 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in MongoDB by 20.1% during the 2nd quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock worth $219,591,000 after buying an additional 175,169 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. This represents a 11.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total transaction 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 $431,039,560. This trade represents a 0.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,022 shares of company stock worth $41,209,572 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Stock Down 1.1%

Shares of MongoDB stock opened at $414.06 on Wednesday. The firm has a market cap of $33.69 billion, a price-to-earnings ratio of -475.93 and a beta of 1.45. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $424.64. The company’s 50-day simple moving average is $344.54 and its 200-day simple moving average is $278.17.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDB. Argus boosted their price objective on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. BMO Capital Markets upped their price target on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Morgan Stanley increased their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Piper Sandler restated an “overweight” rating and issued a $490.00 price objective (up from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. Finally, Robert W. Baird upped their target price on shares of MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $415.39.

About MongoDB

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.