MongoDB, Inc. $MDB Position Boosted by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,803 shares of the company’s stock after purchasing an additional 62 shares during the period. Carnegie Investment Counsel’s holdings in MongoDB were worth $379,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MDB. Parallel Advisors LLC lifted its holdings in MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after acquiring an additional 249 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after acquiring an additional 362,705 shares during the last quarter. Red Spruce Capital LLC lifted its holdings in MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in MongoDB by 875.2% in the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after acquiring an additional 8,927 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDB. Barclays raised their target price on shares of MongoDB from $305.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Truist Financial raised their target price on shares of MongoDB from $330.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Stifel Nicolaus raised their target price on shares of MongoDB from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Scotiabank raised their price target on shares of MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research note on Friday, September 19th. Finally, Stephens began coverage on shares of MongoDB in a research note on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $342.69.

Insider Activity

In related news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $644,000.00. Following the sale, the director directly owned 508,896 shares in the company, valued at approximately $163,864,512. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,493 shares of company stock valued at $32,450,023 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $333.57 on Monday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a market cap of $27.14 billion, a price-to-earnings ratio of -340.38 and a beta of 1.50. The stock’s 50 day moving average price is $306.79 and its 200 day moving average price is $236.55.

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

About MongoDB

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.