Allspring Global Investments Holdings LLC Grows Stock Position in MongoDB, Inc. $MDB

Allspring Global Investments Holdings LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,354 shares of the company’s stock after buying an additional 158 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MongoDB were worth $691,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after purchasing an additional 481,023 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after purchasing an additional 129,451 shares during the last quarter. Amundi raised its stake in MongoDB by 53.0% in the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after purchasing an additional 367,717 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in MongoDB in the 1st quarter valued at about $161,543,000. Finally, Primecap Management Co. CA raised its stake in MongoDB by 863.5% in the 1st 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. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $330.01 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a market capitalization of $26.85 billion, a P/E ratio of -336.74 and a beta of 1.50. The stock has a 50-day simple moving average of $304.49 and a 200-day simple moving average of $234.18.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $553.23 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director owned 32,293 shares in the company, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles M. Hazard, Jr. sold 166 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total value of $51,460.00. Following the completion of the transaction, the director owned 14,493 shares of the company’s stock, valued at approximately $4,492,830. This represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,828 shares of company stock worth $34,482,846. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Morgan Stanley boosted their target price on shares of MongoDB from $255.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Needham & Company LLC boosted their target price on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 19th. BMO Capital Markets upped their price objective on shares of MongoDB from $315.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Finally, Sanford C. Bernstein upped their price objective on shares of MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Two 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $342.69.

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.