MongoDB, Inc. $MDB Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 120.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,821 shares of the company’s stock after purchasing an additional 1,542 shares during the quarter. Advisors Asset Management Inc.’s holdings in MongoDB were worth $876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in shares of MongoDB by 2,825.0% during the 3rd 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 in the last quarter. Hollencrest Capital Management acquired a new position in MongoDB during the third quarter worth $37,000. Westside Investment Management Inc. raised its position in MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after acquiring an additional 55 shares during the period. Parkside Financial Bank & Trust lifted its holdings in 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 purchasing an additional 65 shares in the last quarter. Finally, WPG Advisers LLC grew its position in shares of MongoDB by 53.7% in the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock valued at $52,000 after purchasing an additional 58 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Performance

MongoDB stock opened at $354.36 on Wednesday. The company has a market capitalization of $28.84 billion, a PE ratio of -407.31 and a beta of 1.38. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The firm has a 50 day moving average price of $399.74 and a 200 day moving average price of $344.45.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million during 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%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business posted $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. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. This represents a 1.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,353 shares of company stock worth $25,440,798 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. Raymond James Financial assumed coverage on MongoDB in a report on Monday, December 15th. They set a “market perform” rating for the company. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Mizuho boosted their price target on MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Citigroup increased their price objective on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $423.73.

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.