CenterBook Partners LP Invests $1.13 Million in MongoDB, Inc. $MDB

CenterBook Partners LP purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, Holdings Channel reports. The firm purchased 3,647 shares of the company’s stock, valued at approximately $1,132,000.

Several other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its position in MongoDB by 1,277.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after acquiring an additional 16,896 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,077 shares during the period. Penserra Capital Management LLC grew its holdings in shares of MongoDB by 42.1% in the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after purchasing an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC acquired a new position in shares of MongoDB in the third quarter valued at approximately $1,032,000. Finally, Rakuten Investment Management Inc. purchased a new stake in MongoDB during the 3rd quarter worth approximately $40,014,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDB. Guggenheim raised their price target on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Scotiabank lifted their target price on MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a report on Tuesday, December 2nd. Macquarie Infrastructure boosted their target price on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. KeyCorp restated a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Finally, Robert W. Baird lifted their price objective on MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $422.97.

Insider Activity

In related news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated 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 sale, the director owned 194,600 shares in the company, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the sale, the director directly owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,353 shares of company stock worth $25,440,798 over the last quarter. Insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $344.56 on Friday. The company has a market capitalization of $28.04 billion, a P/E ratio of -396.05 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 stock has a 50-day simple moving average of $395.67 and a 200-day simple moving average of $345.48.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating 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 business had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the previous year, the company posted $1.16 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. 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, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Company 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.