Candriam S.C.A. Increases Holdings in MongoDB, Inc. $MDB

Candriam S.C.A. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,056 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Candriam S.C.A. owned 0.14% of MongoDB worth $23,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in MongoDB during the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. grew its position in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the period. Montag A & Associates Inc. raised its stake in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of MongoDB by 1,193.8% in the 2nd quarter. True Wealth Design LLC now owns 207 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the period. Finally, State of Wyoming acquired a new position in shares of MongoDB in the 1st quarter valued at about $62,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MDB. Piper Sandler raised their target price on MongoDB from $345.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Rosenblatt Securities upped their price objective on MongoDB from $305.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Needham & Company LLC lifted their target price on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stephens initiated coverage on shares of MongoDB in a research note on Friday, July 18th. They issued an “equal weight” rating and a $247.00 target price for the company. Finally, Barclays raised their price target on shares of MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $354.97.

MongoDB Stock Down 3.9%

MDB stock opened at $351.14 on Friday. The stock has a market capitalization of $28.57 billion, a P/E ratio of -358.31 and a beta of 1.52. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $385.44. The firm has a 50-day simple moving average of $331.95 and a 200-day simple moving average of $254.88.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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 analysts’ expectations of $553.23 million. During the same quarter last year, the firm posted $0.70 earnings per share. MongoDB’s quarterly revenue 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, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer directly owned 11,598 shares in the company, valued at approximately $3,783,847.50. This represents a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 108,492 shares of company stock worth $34,213,359 in the last quarter. 3.10% of the stock is owned by insiders.

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.