Krane Funds Advisors LLC Acquires 2,834 Shares of MongoDB, Inc. $MDB

Krane Funds Advisors LLC boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 154.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,664 shares of the company’s stock after purchasing an additional 2,834 shares during the quarter. Krane Funds Advisors LLC’s holdings in MongoDB were worth $1,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC increased its holdings in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares during the last quarter. Hollencrest Capital Management purchased a new position in MongoDB in the third quarter worth about $37,000. Westside Investment Management Inc. grew its position in MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after acquiring an additional 55 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in MongoDB by 85.5% during the third quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock worth $44,000 after acquiring an additional 65 shares during the last quarter. Finally, Rossby Financial LCC increased its stake in MongoDB by 120.8% during the third quarter. Rossby Financial LCC now owns 159 shares of the company’s stock worth $51,000 after acquiring an additional 87 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This represents a 1.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,353 shares of company stock valued at $25,440,798 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price objective on shares of MongoDB in a research note on Tuesday, January 20th. UBS Group increased their price target on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Scotiabank raised their price target on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 2nd. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Argus boosted their price objective on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.97.

Check Out Our Latest Stock Analysis on MongoDB

MongoDB Price Performance

Shares of MDB stock opened at $305.37 on Tuesday. The company has a market capitalization of $24.85 billion, a P/E ratio of -351.00 and a beta of 1.38. The company’s 50-day simple moving average is $393.46 and its two-hundred day simple moving average is $347.63. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. MongoDB’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, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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