MongoDB, Inc. $MDB Holdings Boosted by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,803 shares of the company’s stock after buying an additional 62 shares during the quarter. Carnegie Investment Counsel’s holdings in MongoDB were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Jericho Capital Asset Management L.P. purchased a new position in MongoDB during the 1st quarter worth approximately $161,543,000. Primecap Management Co. CA grew its position in MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in MongoDB during the 1st quarter worth approximately $128,706,000. Vanguard Group Inc. grew its position in MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of MongoDB by 425.6% during the 1st quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company’s stock valued at $97,548,000 after acquiring an additional 450,336 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares in the company, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director owned 14,493 shares of the company’s stock, valued at approximately $4,492,830. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,493 shares of company stock valued at $32,450,023 in the last quarter. 3.10% of the stock is currently owned by insiders.

MongoDB Trading Up 1.1%

Shares of NASDAQ:MDB opened at $333.57 on Monday. The stock has a market capitalization of $27.14 billion, a PE ratio of -340.38 and a beta of 1.50. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The firm has a fifty day moving average price of $306.79 and a 200 day moving average price of $236.55.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research analyst reports. UBS Group boosted their price target on shares of MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Citigroup restated an “outperform” rating on shares of MongoDB in a report on Friday, September 19th. Needham & Company LLC boosted their price target on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 19th. Royal Bank Of Canada restated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a report on Thursday, September 18th. Finally, Morgan Stanley boosted their price target on shares of MongoDB from $255.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Company 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.