Corient Private Wealth LLC Acquires 4,441 Shares of MongoDB, Inc. $MDB

Corient Private Wealth LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 263.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,129 shares of the company’s stock after buying an additional 4,441 shares during the period. Corient Private Wealth LLC’s holdings in MongoDB were worth $1,287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Montag A & Associates Inc. lifted its holdings in shares of MongoDB by 144.3% during the second 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 last quarter. Promus Capital LLC bought a new position in MongoDB during the 2nd quarter valued at approximately $36,000. True Wealth Design LLC increased its position in MongoDB by 1,193.8% during the 2nd quarter. True Wealth Design LLC now owns 207 shares of the company’s stock valued at $43,000 after buying an additional 191 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in MongoDB by 79.7% during the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the last quarter. Finally, State of Wyoming bought a new stake in MongoDB in the first quarter worth $62,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Raymond James Financial began coverage on MongoDB in a report on Monday, December 15th. They set a “market perform” rating for the company. Canaccord Genuity Group raised their price objective on shares of MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Barclays lifted their target price on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Scotiabank increased their price target on shares of MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a report on Tuesday, December 2nd. Finally, Robert W. Baird boosted their price objective on shares of MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $414.97.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 79,969 shares of company stock valued at $29,937,272. 3.10% of the stock is owned by company insiders.

MongoDB Trading Down 0.4%

MDB opened at $435.25 on Thursday. The company’s 50 day moving average is $367.57 and its 200 day moving average is $295.20. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -500.29 and a beta of 1.45. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $440.67.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. The business 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 3.06% 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 period last year, the firm earned $1.16 earnings per share. 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 predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Profile

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.