Princeton Capital Management LLC Sells 797 Shares of MongoDB, Inc. $MDB

Princeton Capital Management LLC cut its position in MongoDB, Inc. (NASDAQ:MDB) by 33.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,551 shares of the company’s stock after selling 797 shares during the period. Princeton Capital Management LLC’s holdings in MongoDB were worth $326,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MDB. Carnegie Investment Counsel grew its stake in MongoDB by 3.6% in the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after acquiring an additional 62 shares during the period. New York Life Investment Management LLC increased its stake in MongoDB by 6.2% during the 2nd quarter. New York Life Investment Management LLC now owns 1,236 shares of the company’s stock worth $260,000 after purchasing an additional 72 shares in the last quarter. Wedbush Securities Inc. lifted its stake in MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock valued at $530,000 after buying an additional 77 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of MongoDB by 0.4% in the first quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock valued at $3,772,000 after buying an additional 83 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of MongoDB by 6.8% during the second quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock worth $279,000 after acquiring an additional 85 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 1.6%

NASDAQ:MDB opened at $355.83 on Friday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $385.44. The firm has a market capitalization of $28.95 billion, a price-to-earnings ratio of -363.09 and a beta of 1.52. The stock’s 50 day moving average price is $327.18 and its two-hundred day moving average price is $247.87.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue 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. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 33,320 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the transaction, the chief executive officer directly owned 203,237 shares of the company’s stock, valued at $61,233,275.73. This represents a 14.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $326,250.00. Following the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. This represents a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,492 shares of company stock worth $34,213,359 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MDB shares. Wells Fargo & Company began coverage on MongoDB in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 price target on the stock. Stifel Nicolaus set a $375.00 target price on MongoDB in a research report on Tuesday. Piper Sandler raised their price target on shares of MongoDB from $345.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Wedbush boosted their price objective on shares of MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Stephens began coverage on shares of MongoDB in a research report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $354.97.

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.