Diversified Trust Co Lowers Position in MongoDB, Inc. $MDB

Diversified Trust Co decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 22.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,754 shares of the company’s stock after selling 2,210 shares during the period. Diversified Trust Co’s holdings in MongoDB were worth $2,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted 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 valued at $386,000 after acquiring an additional 1,320 shares during the last quarter. State of Wyoming bought a new position in shares of MongoDB in the first quarter worth approximately $62,000. Vident Advisory LLC raised its stake in MongoDB by 25.9% in the first quarter. Vident Advisory LLC now owns 2,330 shares of the company’s stock valued at $409,000 after purchasing an additional 479 shares in the last quarter. Advent International L.P. lifted its position in MongoDB by 3.0% during the first quarter. Advent International L.P. now owns 56,110 shares of the company’s stock valued at $9,842,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Amundi grew its stake in MongoDB by 53.0% in 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 in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 0.5%

NASDAQ MDB opened at $421.23 on Wednesday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $440.67. The stock has a 50-day moving average of $376.16 and a 200-day moving average of $301.91. The firm has a market cap of $34.28 billion, a PE ratio of -484.17 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) 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 analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $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, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDB. 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 report on Tuesday, December 2nd. Piper Sandler restated an “overweight” rating and set a $490.00 price target (up previously from $400.00) on shares of MongoDB in a research report on Tuesday, December 2nd. Truist Financial lifted their price target on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein increased their price objective on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $414.97.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction 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 sale, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the completion of the transaction, the director owned 1,069,316 shares in the company, valued at $333,220,251.92. The trade was a 0.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,969 shares of company stock valued at $29,937,272 over the last three months. 3.10% of the stock is owned by company insiders.

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.