Allstate Corp Grows Holdings in MongoDB, Inc. $MDB

Allstate Corp lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 112.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,169 shares of the company’s stock after buying an additional 3,269 shares during the quarter. Allstate Corp’s holdings in MongoDB were worth $2,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in MongoDB during the 4th quarter valued at about $28,000. Huntington National Bank grew its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in MongoDB during the 4th quarter valued at about $33,000. Finally, Hollencrest Capital Management purchased a new stake in MongoDB during the 3rd quarter valued at about $37,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Down 4.2%

Shares of NASDAQ MDB opened at $294.46 on Thursday. The firm’s 50-day moving average price is $271.03 and its 200-day moving average price is $333.98. The company has a market cap of $23.67 billion, a PE ratio of -334.61 and a beta of 1.48. MongoDB, Inc. has a 52-week low of $182.43 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 31,566 shares of company stock worth $8,744,791. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 price objective on shares of MongoDB in a research report on Tuesday, May 19th. Wells Fargo & Company cut their price objective on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Cantor Fitzgerald upped their price target on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays lowered their price target on MongoDB from $440.00 to $370.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Finally, Monness Crespi & Hardt lowered their price target on MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Twenty-six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $374.13.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Canaccord Genuity raised its price target on MongoDB to $400 from $375 and kept a buy rating, signaling meaningful upside from current levels and reinforcing a constructive view on the stock. Article
• Positive Sentiment: Rosenblatt reaffirmed its buy rating and $385 price target, while Cantor Fitzgerald lifted its target to $416 and maintained an overweight rating, adding to the bullish analyst backdrop. Article Article
• Positive Sentiment: Several previews ahead of Thursday’s earnings highlight strong Atlas growth, expanding AI platform momentum, and solid enterprise demand, suggesting investors may be looking for an upside surprise versus current expectations. Article
• Neutral Sentiment: MongoDB is set to report fiscal Q1 2027 results after the bell on Thursday, and traders appear to be positioning cautiously ahead of the announcement, which is contributing to elevated volatility. Article
• Negative Sentiment: The stock has also been hit by pre-earnings de-risking and lingering caution after earlier guidance-related weakness, with some investors trimming exposure before the results. Article

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.