MongoDB, Inc. $MDB Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 395.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,138 shares of the company’s stock after purchasing an additional 13,678 shares during the period. Allianz Asset Management GmbH’s holdings in MongoDB were worth $5,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Callan Family Office LLC raised its holdings in shares of MongoDB by 15.1% in the third quarter. Callan Family Office LLC now owns 1,197 shares of the company’s stock worth $372,000 after buying an additional 157 shares during the last quarter. FDx Advisors Inc. purchased a new position in MongoDB in the 3rd quarter worth $173,000. Principal Financial Group Inc. raised its stake in MongoDB by 374.7% in the 3rd quarter. Principal Financial Group Inc. now owns 15,968 shares of the company’s stock worth $4,956,000 after acquiring an additional 12,604 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in MongoDB during the 3rd quarter worth about $406,000. Finally, Independent Advisor Alliance purchased a new stake in MongoDB during the 3rd quarter valued at about $239,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares in the company, valued at $29,750,824.50. The trade was a 1.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 72,353 shares of company stock valued at $28,825,998 over the last quarter. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group raised their price objective on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Wedbush upped their target price on MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Monday, January 5th. Cantor Fitzgerald upped their price objective on shares of MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Scotiabank increased their price objective on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $422.29.

MongoDB Price Performance

NASDAQ:MDB opened at $377.68 on Wednesday. The company has a 50 day moving average price of $404.39 and a 200-day moving average price of $340.06. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $444.72. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of -434.11 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s quarterly revenue 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, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share 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.