935 Shares in MongoDB, Inc. $MDB Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 935 shares of the company’s stock, valued at approximately $196,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after purchasing an additional 129,451 shares during the period. Amundi grew its stake in MongoDB by 53.0% in the first quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after purchasing an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in MongoDB in the first quarter worth $161,543,000. Finally, Primecap Management Co. CA grew its stake in MongoDB by 863.5% in the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,828 shares of company stock valued at $34,727,846. Corporate insiders own 3.10% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $325.10 on Thursday. The company has a market cap of $26.45 billion, a P/E ratio of -331.73 and a beta of 1.50. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock’s fifty day moving average price is $301.98 and its 200-day moving average price is $232.92.

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 analysts’ consensus estimates of $0.66 by ($1.04). The business had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $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, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on MDB. JMP Securities increased their target price on MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Friday, September 19th. Stifel Nicolaus increased their target price on MongoDB from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Scotiabank increased their target price on MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a research note on Friday, September 19th. Truist Financial increased their target price on MongoDB from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $290.00 target price on shares of MongoDB in a research note on Friday, August 22nd. 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 given a Sell rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $342.69.

MongoDB 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.