Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 1,300 Shares of MongoDB, Inc. $MDB

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the company’s stock after selling 1,300 shares during the period. MongoDB comprises approximately 1.4% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 22nd biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in MongoDB were worth $2,700,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Montag A & Associates Inc. boosted its stake in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Promus Capital LLC bought a new stake in MongoDB in the second quarter worth $36,000. TD Private Client Wealth LLC boosted its position in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after buying an additional 113 shares during the period. True Wealth Design LLC grew its stake in shares of MongoDB by 1,193.8% during the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of MongoDB by 85.5% during the third quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock valued at $44,000 after buying an additional 65 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In other news, 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 transaction of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the business’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 in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 78,162 shares of company stock valued at $31,004,092 in the last three months. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDB. Cantor Fitzgerald boosted their target price on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Raymond James Financial initiated coverage on MongoDB in a research report on Monday, December 15th. They issued a “market perform” rating for the company. Scotiabank raised their target price on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Truist Financial lifted their target price on shares of MongoDB from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Stock Performance

MDB stock opened at $411.25 on Tuesday. The company has a market capitalization of $33.47 billion, a price-to-earnings ratio of -472.70 and a beta of 1.38. The business’s 50 day moving average price is $397.85 and its two-hundred day moving average price is $328.67. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72.

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