QRG Capital Management Inc. Trims Holdings in MongoDB, Inc. $MDB

QRG Capital Management Inc. lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,520 shares of the company’s stock after selling 112 shares during the period. QRG Capital Management Inc.’s holdings in MongoDB were worth $319,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in MongoDB during the 1st quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in MongoDB during the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. boosted its position in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. State of Wyoming bought a new stake in MongoDB during the 1st quarter valued at approximately $62,000. Finally, Brooklyn Investment Group boosted its position in MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after acquiring an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MDB. The Goldman Sachs Group lifted their price objective on MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research report on Thursday, June 26th. Monness Crespi & Hardt lifted their price objective on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. DA Davidson boosted their price target on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a research report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.69.

MongoDB Trading Down 5.1%

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

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In other news, Director Peter Thomas Killalea sold 20,000 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director directly owned 24,308 shares in the company, valued at $7,971,322.44. The trade was a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,163 shares of company stock worth $31,862,322. Insiders own 3.10% of the company’s stock.

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.