Alamar Capital Management LLC Sells 230 Shares of MongoDB, Inc. $MDB

Alamar Capital Management LLC reduced its stake in MongoDB, Inc. (NASDAQ:MDB) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,580 shares of the company’s stock after selling 230 shares during the period. MongoDB makes up approximately 2.1% of Alamar Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Alamar Capital Management LLC’s holdings in MongoDB were worth $3,902,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Forum Financial Management LP bought a new stake in shares of MongoDB in the second quarter valued at approximately $289,000. Ethic Inc. boosted its stake in shares of MongoDB by 29.2% in the second quarter. Ethic Inc. now owns 7,247 shares of the company’s stock valued at $1,521,000 after buying an additional 1,640 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of MongoDB in the second quarter valued at approximately $196,000. Triton Financial Group Inc bought a new stake in shares of MongoDB in the second quarter valued at approximately $782,000. Finally, West Tower Group LLC bought a new stake in shares of MongoDB in the second quarter valued at approximately $210,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Morgan Stanley boosted their price target on MongoDB from $255.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Stephens began coverage on MongoDB in a research note on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price target for the company. Cantor Fitzgerald upped their target price on MongoDB from $312.00 to $406.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Finally, Wolfe Research upped their target price on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.69.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the sale, the director directly owned 24,308 shares in the company, valued at $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,828 shares of company stock valued at $34,482,846. 3.10% of the stock is owned by company insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $330.01 on Friday. The company has a fifty day moving average of $304.49 and a 200-day moving average of $234.18. The company has a market capitalization of $26.85 billion, a PE ratio of -336.74 and a beta of 1.50. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.