Mission Wealth Management LP Acquires Shares of 1,939 MongoDB, Inc. $MDB

Mission Wealth Management LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,939 shares of the company’s stock, valued at approximately $814,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in MongoDB by 5.0% during the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after acquiring an additional 431,382 shares during the period. ValueAct Holdings L.P. lifted its holdings in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp lifted its holdings in MongoDB by 3.7% in the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock valued at $545,222,000 after acquiring an additional 63,434 shares during the period. Amundi boosted its position in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its position in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several recent research reports. Wedbush cut their target price on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 price target on shares of MongoDB in a report on Tuesday. UBS Group dropped their price target on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Truist Financial cut their price objective on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Barclays decreased their price objective on shares of MongoDB from $440.00 to $370.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $370.87.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB and reiterated a Buy rating, citing confidence in demand trends, Atlas momentum, and execution across cloud and on-premise products. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed its Outperform rating and lifted its target to $395, saying MongoDB is well positioned for AI-related tailwinds and strong Atlas growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Positive Sentiment: Analyst sentiment remains favorable overall, with multiple Buy/Outperform ratings and recent targets ranging up to $450, reinforcing expectations for solid upcoming results. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Neutral Sentiment: MongoDB’s CEO pay disclosure highlighted very large compensation and heavy insider selling over the past six months, which may raise governance questions but was offset by the sales being tied in part to pre-arranged trading plans. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Negative Sentiment: Director Dwight Merriman sold additional shares recently, adding to a pattern of insider selling that could temper some enthusiasm around the stock. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

Insider Activity

In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company’s stock, valued at $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the transaction, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 31,566 shares of company stock worth $8,744,791. Company insiders own 3.10% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $334.68 on Wednesday. The business’s 50 day moving average price is $265.03 and its 200-day moving average price is $335.65. MongoDB, Inc. has a 1 year low of $182.43 and a 1 year high of $444.72. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of -380.32 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The company had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -0.46 earnings per share for the current year.

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.