MongoDB, Inc. $MDB Shares Sold by MN Wealth Advisors LLC

MN Wealth Advisors LLC reduced its stake in MongoDB, Inc. (NASDAQ:MDB) by 56.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,453 shares of the company’s stock after selling 1,915 shares during the quarter. MN Wealth Advisors LLC’s holdings in MongoDB were worth $451,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of MongoDB by 20.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after acquiring an additional 249 shares during the period. Pacer Advisors Inc. lifted its position in MongoDB by 209.0% during the 3rd 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 period. Acadian Asset Management LLC grew its stake in MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares during the last quarter. Red Spruce Capital LLC increased its holdings in shares of MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares during the period. Finally, Triton Financial Group Inc purchased a new position in shares of MongoDB in the second quarter worth about $782,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 4.8%

MDB opened at $399.65 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $440.67. The firm has a market capitalization of $32.53 billion, a PE ratio of -459.37 and a beta of 1.45. The firm’s 50-day moving average price is $381.16 and its 200 day moving average price is $304.92.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the previous year, the company posted $1.16 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total value of $3,116,200.00. Following the completion of the transaction, the director owned 1,069,316 shares in the company, valued at approximately $333,220,251.92. The trade was a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 79,969 shares of company stock worth $29,937,272 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. DA Davidson increased their price target on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Guggenheim upped their price objective on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Needham & Company LLC raised their target price on shares of MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Macquarie boosted their target price on shares of MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Monness Crespi & Hardt increased their price target on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $414.97.

MongoDB Profile

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.