Caprock Group LLC Acquires Shares of 3,751 MongoDB, Inc. $MDB

Caprock Group LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, Holdings Channel reports. The institutional investor bought 3,751 shares of the company’s stock, valued at approximately $1,184,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its stake in MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MongoDB during the second quarter worth $329,000. Callan Family Office LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $218,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $274,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

NASDAQ MDB opened at $368.40 on Friday. The company has a fifty day moving average of $401.94 and a two-hundred day moving average of $341.91. The company has a market capitalization of $29.98 billion, a PE ratio of -423.45 and a beta of 1.38. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results 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. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business 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. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MDB shares. Robert W. Baird boosted their price target on shares of MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. BMO Capital Markets boosted their target price on MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $490.00 price target (up previously from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Mizuho boosted their price objective on MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Canaccord Genuity Group upped their target price on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $422.29.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,353 shares of company stock valued at $25,440,798 over the last ninety days. 3.10% of the stock is owned by insiders.

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.