1,376 Shares in MongoDB, Inc. $MDB Purchased by Forum Financial Management LP

Forum Financial Management LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,376 shares of the company’s stock, valued at approximately $289,000.

Several other large investors have also recently modified their holdings of the business. Ethic Inc. increased 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 worth $1,521,000 after purchasing an additional 1,640 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of MongoDB in the second quarter worth about $196,000. Triton Financial Group Inc purchased a new position in shares of MongoDB in the second quarter worth about $782,000. West Tower Group LLC purchased a new position in shares of MongoDB in the second quarter worth about $210,000. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of MongoDB in the second quarter worth about $489,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MDB shares. JMP Securities lifted their target price on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Friday, September 19th. Bank of America lifted their target price on shares of MongoDB from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Monness Crespi & Hardt raised their price objective on shares of MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Macquarie raised their price objective on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $350.00 price objective on shares of MongoDB in a research report on Thursday, September 18th. Two 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Price Performance

Shares of MongoDB stock opened at $333.57 on Monday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The firm has a market cap of $27.14 billion, a PE ratio of -340.38 and a beta of 1.50. The company has a 50 day simple moving average of $306.79 and a two-hundred day simple moving average of $236.55.

MongoDB (NASDAQ:MDB) last announced its 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). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred 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 directly owned 11,598 shares in the company, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $322.00, for a total transaction of $644,000.00. Following the completion of the sale, the director owned 508,896 shares of the company’s stock, valued at approximately $163,864,512. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,493 shares of company stock valued at $32,450,023 over the last quarter. Company insiders own 3.10% of the company’s stock.

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.