1,474 Shares in MongoDB, Inc. $MDB Acquired by Quantum Portfolio Management LLC

Quantum Portfolio Management LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,474 shares of the company’s stock, valued at approximately $458,000.

A number of other large investors have also recently modified their holdings of MDB. Pacer Advisors Inc. lifted its holdings in shares of MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,077 shares during the last quarter. Triton Financial Group Inc bought a new position in MongoDB in the 2nd quarter valued at approximately $782,000. Nordea Investment Management AB grew its stake in shares of MongoDB by 11.7% during the second quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock worth $2,814,000 after buying an additional 1,404 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of MongoDB by 8.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 27,521 shares of the company’s stock worth $5,779,000 after buying an additional 2,078 shares during the last quarter. Finally, Spyglass Capital Management LLC increased its holdings in shares of MongoDB by 28.0% during the second quarter. Spyglass Capital Management LLC now owns 345,127 shares of the company’s stock worth $72,473,000 after buying an additional 75,532 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $399.76 on Tuesday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The company has a 50 day simple moving average of $393.83 and a two-hundred day simple moving average of $322.16. The company has a market capitalization of $32.54 billion, a PE ratio of -459.49 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same period in the prior year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 82,162 shares of company stock valued at $32,384,092. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MDB shares. Truist Financial raised their price objective on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Macquarie lifted their price target on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. UBS Group boosted their price target on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Raymond James Financial started coverage on shares of MongoDB in a report on Monday, December 15th. They issued a “market perform” rating for the company. Finally, Mizuho boosted their target price on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $420.26.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.