Aljian Capital Management LLC Sells 1,701 Shares of MongoDB, Inc. $MDB

Aljian Capital Management LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 43.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,191 shares of the company’s stock after selling 1,701 shares during the period. Aljian Capital Management LLC’s holdings in MongoDB were worth $680,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDB. Montag A & Associates Inc. lifted its stake in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after buying an additional 101 shares during the last quarter. Promus Capital LLC bought a new stake in MongoDB during the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC lifted its stake in shares of MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after buying an additional 54 shares during the period. True Wealth Design LLC lifted its position in shares of MongoDB by 1,193.8% in the 2nd quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of MongoDB by 79.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDB. UBS Group raised their target price on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada boosted their price objective on MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Robert W. Baird increased their target price on MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Stifel Nicolaus raised their target price on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Rosenblatt Securities upped their price target on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research report 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.97.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles M. Hazard, Jr. sold 166 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $326.13, for a total transaction of $54,137.58. Following the transaction, the director directly owned 13,995 shares of the company’s stock, valued at $4,564,189.35. This represents a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 79,969 shares of company stock worth $29,937,272 in the last 90 days. Company insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

MDB opened at $421.23 on Wednesday. The firm has a market cap of $34.28 billion, a PE ratio of -484.17 and a beta of 1.45. The firm’s fifty day moving average is $376.16 and its two-hundred day moving average is $301.91. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $440.67.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $1.16 EPS. MongoDB’s revenue for the quarter 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. Equities 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.