FirstWave Capital Management LLC Purchases New Shares in MongoDB, Inc. $MDB

FirstWave Capital Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,347 shares of the company’s stock, valued at approximately $2,132,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ValueAct Holdings L.P. increased its holdings in shares of MongoDB by 206.8% during 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 in the last quarter. Norges Bank purchased a new stake in MongoDB during the 4th quarter valued at about $574,821,000. AQR Capital Management LLC increased its stake in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Amundi raised its holdings in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of MongoDB by 129.1% during the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after buying an additional 552,434 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Needham & Company LLC reiterated a “buy” rating and issued a $430.00 price target on shares of MongoDB in a research note on Wednesday. Evercore started coverage on shares of MongoDB in a report on Friday, August 21st. They issued an “outperform” rating and a $525.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price target on MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

Insiders Place Their Bets

In other news, Director Hope Cochran sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director directly owned 29,326 shares in the company, valued at approximately $10,264,100. This represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,696 shares of company stock valued at $16,098,655 in the last quarter. 2.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MDB stock opened at $368.74 on Friday. The company’s fifty day moving average price is $374.27 and its 200-day moving average price is $322.83. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The company has a market capitalization of $29.66 billion, a PE ratio of 519.35, a price-to-earnings-growth ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, research analysts predict that MongoDB, Inc. will post 0.37 EPS for the current fiscal year.

MongoDB Company 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.