Magnetar Financial LLC Takes Position in MongoDB, Inc. $MDB

Magnetar Financial LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,604 shares of the company’s stock, valued at approximately $8,106,000.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after acquiring an additional 249 shares in the last quarter. Acadian Asset Management LLC raised its holdings in MongoDB by 181.8% in the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after purchasing an additional 362,705 shares during the period. Red Spruce Capital LLC boosted its position in MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,426 shares in the last quarter. Triton Financial Group Inc purchased a new position in MongoDB during the second quarter worth approximately $782,000. Finally, Jones Financial Companies Lllp grew 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 valued at $1,745,000 after purchasing an additional 8,927 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the transaction, the director owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction dated 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 directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 124,492 shares of company stock valued at $39,833,319. Insiders own 3.10% of the company’s stock.

MongoDB Trading Down 2.4%

MDB opened at $321.18 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44. The firm has a market capitalization of $26.13 billion, a PE ratio of -327.73 and a beta of 1.52. The firm’s 50-day moving average price is $332.78 and its 200 day moving average price is $261.68.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Barclays increased their price objective on shares of MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Bank of America boosted their target price on shares of MongoDB from $345.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Sanford C. Bernstein raised their price target on shares of MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Finally, Wells Fargo & Company began coverage on MongoDB in a research note on Tuesday, September 30th. They set an “overweight” rating and a $430.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $355.39.

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.