Covea Finance Sells 10,000 Shares of MongoDB, Inc. $MDB

Covea Finance decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,200 shares of the company’s stock after selling 10,000 shares during the period. Covea Finance’s holdings in MongoDB were worth $9,994,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of MongoDB by 149.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,203 shares of the company’s stock worth $386,000 after buying an additional 1,320 shares in the last quarter. Rafferty Asset Management LLC boosted its position in MongoDB by 26.1% in the first quarter. Rafferty Asset Management LLC now owns 65,953 shares of the company’s stock worth $11,568,000 after purchasing an additional 13,632 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in MongoDB by 16.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 7,364 shares of the company’s stock valued at $1,292,000 after purchasing an additional 1,020 shares during the period. OMERS ADMINISTRATION Corp grew its stake in MongoDB by 1,419.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 46,082 shares of the company’s stock valued at $8,083,000 after purchasing an additional 43,050 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ increased its position in shares of MongoDB by 0.9% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 25,004 shares of the company’s stock valued at $4,386,000 after purchasing an additional 226 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Bank of America increased their price objective on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Scotiabank boosted their target price on MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 2nd. Finally, Barclays increased their price target on MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $414.97.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the transaction, the director directly owned 1,069,316 shares of the company’s stock, valued at approximately $333,220,251.92. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 79,969 shares of company stock valued at $29,937,272. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $435.25 on Friday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $440.67. The company has a fifty day moving average of $369.99 and a 200-day moving average of $296.17. The company has a market capitalization of $35.42 billion, a P/E ratio of -500.29 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released its earnings results 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 return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. 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 forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

About MongoDB

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.