US Bancorp DE Sells 305 Shares of MongoDB, Inc. $MDB

US Bancorp DE lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,308 shares of the company’s stock after selling 305 shares during the period. US Bancorp DE’s holdings in MongoDB were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its holdings in MongoDB by 2.6% during the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock worth $530,000 after buying an additional 77 shares during the last quarter. Arizona State Retirement System raised its position in shares of MongoDB by 0.4% during the first quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock worth $3,772,000 after purchasing an additional 83 shares during the period. Farther Finance Advisors LLC raised its position in shares of MongoDB by 6.8% during the second quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock worth $279,000 after purchasing an additional 85 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of MongoDB by 0.7% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,240 shares of the company’s stock worth $2,498,000 after purchasing an additional 95 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $318.53 on Friday. The stock has a fifty day moving average price of $294.73 and a 200-day moving average price of $229.95. The company has a market cap of $25.92 billion, a price-to-earnings ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

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). The company had revenue of $591.40 million for 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 quarter in the previous 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. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction 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 directly owned 11,598 shares in the company, valued at approximately $3,783,847.50. This represents a 7.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 166 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,163 shares of company stock worth $36,886,482. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup reissued an “outperform” rating on shares of MongoDB in a research report on Friday, September 19th. BMO Capital Markets boosted their price target on MongoDB from $315.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Scotiabank boosted their price target on MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Truist Financial lifted their target price on MongoDB from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald lifted their target price on MongoDB from $312.00 to $406.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.