MongoDB, Inc. $MDB Stock Holdings Lessened by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its holdings in MongoDB, Inc. (NASDAQ:MDB) by 12.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,108 shares of the company’s stock after selling 436 shares during the quarter. DAVENPORT & Co LLC’s holdings in MongoDB were worth $653,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of MongoDB in the 1st quarter worth about $25,000. Hollencrest Capital Management bought a new position in shares of MongoDB in the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. lifted its position in shares of MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after buying an additional 120 shares during the last quarter. State of Wyoming bought a new position in shares of MongoDB in the 1st quarter worth about $62,000. Finally, Brooklyn Investment Group lifted its position in shares of MongoDB by 247.9% in the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock worth $71,000 after buying an additional 290 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $314.44 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of -320.86 and a beta of 1.50. The stock’s 50 day moving average price is $285.61 and its 200 day moving average price is $225.20.

MongoDB (NASDAQ:MDB) last announced its earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $553.23 million. During the same period in the previous year, the firm earned $0.70 EPS. MongoDB’s revenue for the quarter 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 expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In related news, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. The trade was a 38.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares in the company, valued at $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,163 shares of company stock valued at $31,862,322 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MDB shares. Citigroup restated an “outperform” rating on shares of MongoDB in a research report on Friday, September 19th. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. BMO Capital Markets lifted their price objective on shares of MongoDB from $315.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Wedbush lifted their price objective on shares of MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Stephens started coverage on shares of MongoDB in a research report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.69.

About MongoDB

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.