Allspring Global Investments Holdings LLC Has $2.92 Million Stock Position in MongoDB, Inc. $MDB

Allspring Global Investments Holdings LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 170.7% in the third quarter, HoldingsChannel reports. The fund owned 9,080 shares of the company’s stock after buying an additional 5,726 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MongoDB were worth $2,919,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Forefront Wealth Partners LLC bought a new position in MongoDB in the third quarter valued at about $308,000. Ascent Group LLC boosted its stake in shares of MongoDB by 13.4% in the 3rd quarter. Ascent Group LLC now owns 1,093 shares of the company’s stock valued at $339,000 after purchasing an additional 129 shares during the last quarter. waypoint wealth counsel acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $223,000. Tealwood Asset Management Inc. bought a new stake in shares of MongoDB during the third quarter worth approximately $324,000. Finally, Perigon Wealth Management LLC raised its stake in shares of MongoDB by 12.2% during the third quarter. Perigon Wealth Management LLC now owns 2,720 shares of the company’s stock worth $844,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

NASDAQ:MDB opened at $413.52 on Friday. The business’s 50-day simple moving average is $388.08 and its 200-day simple moving average is $311.13. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The stock has a market capitalization of $33.66 billion, a PE ratio of -475.31 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the prior year, the business earned $1.16 EPS. MongoDB’s revenue for the quarter 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. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 10,000 shares of the 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 completion of the transaction, the director directly owned 1,069,316 shares in the company, valued at approximately $333,220,251.92. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 81,023 shares of company stock worth $30,382,587. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on shares of MongoDB from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus raised their price target on MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Bank of America lifted their price objective on MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Citizens Jmp increased their target price on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 2nd. Finally, Citigroup boosted their target price on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $418.40.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several brokerages have lifted targets and reiterated buy cases, signaling continued analyst confidence that supports longer‑term upside. Example: Truist raised its price target to $500. Read More.
• Positive Sentiment: MDB recently hit a 52‑week high and has benefited from renewed AI/CEA optimism among analysts, helping momentum into the open of the week. Read More.
• Positive Sentiment: Analysts note MongoDB’s expanding partner ecosystem and hyperscaler integrations, which can support durable revenue growth and reduce adoption friction for customers. Read More.
• Neutral Sentiment: Raymond James initiated coverage with a Market Perform rating, calling MongoDB at a “strategic crossroads” as AI/data competition intensifies — balanced view that can temper some of the bullish narrative. Read More.
• Neutral Sentiment: Extremely heavy options flow — both calls and puts — suggests traders are positioning for near‑term volatility rather than a one‑sided directional bet (36,130 calls and 23,831 puts reported). This can amplify intraday moves and hedging activity. Read More.
• Negative Sentiment: Market headlines flagged a notable pullback in the session (price slid while broader market rose), consistent with profit‑taking after the recent run. Read More.
• Negative Sentiment: An insider sale (director Dwight Merriman sold ~1,054 shares) was disclosed — a small reduction in his stake but the filing can be read as a short‑term negative signal by some investors. Read More.

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.