Hsbc Holdings PLC Has $7.23 Million Position in MongoDB, Inc. $MDB

Hsbc Holdings PLC trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,469 shares of the company’s stock after selling 4,467 shares during the quarter. Hsbc Holdings PLC’s holdings in MongoDB were worth $7,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MDB. Jericho Capital Asset Management L.P. acquired a new position in shares of MongoDB during the first quarter worth $161,543,000. Primecap Management Co. CA raised its position in MongoDB by 863.5% in the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after purchasing an additional 780,200 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after purchasing an additional 744,547 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of MongoDB by 83.8% during the second quarter. Acadian Asset Management LLC now owns 1,033,531 shares of the company’s stock valued at $217,009,000 after purchasing an additional 471,341 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of MongoDB by 425.6% during the first quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company’s stock worth $97,548,000 after purchasing an additional 450,336 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MDB. Canaccord Genuity Group lifted their target price on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Citizens Jmp increased their price objective on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday. Rosenblatt Securities upped their price target on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley raised their price objective on MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $415.39.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total value of $1,640,000.00. Following the completion of the sale, the director owned 1,051,316 shares of the company’s stock, valued at approximately $431,039,560. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles M. Hazard, Jr. sold 833 shares of MongoDB stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $326.13, for a total transaction of $271,666.29. Following the transaction, the director owned 44,867 shares of the company’s stock, valued at $14,632,474.71. This represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,172 shares of company stock valued at $31,450,450 in the last three months. Insiders own 3.10% of the company’s stock.

MongoDB Stock Down 2.3%

NASDAQ:MDB opened at $396.73 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $419.50. The company has a fifty day moving average of $338.61 and a 200-day moving average of $272.19. The firm has a market capitalization of $32.28 billion, a P/E ratio of -456.01 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same period last year, the company posted $1.16 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.