Envestnet Asset Management Inc. Reduces Position in MongoDB, Inc. $MDB

Envestnet Asset Management Inc. decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,712 shares of the company’s stock after selling 25,713 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of MongoDB worth $21,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in MongoDB by 6.6% during the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after buying an additional 129,451 shares during the period. Amundi raised its stake in shares of MongoDB by 53.0% in the first quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after buying an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of MongoDB during the 1st quarter valued at about $161,543,000. Finally, Primecap Management Co. CA grew its stake in shares of MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after acquiring an additional 780,200 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’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 value of $326,250.00. Following the sale, the chief accounting officer directly owned 11,598 shares in the company, valued at $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 107,493 shares of company stock valued at $33,830,023 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on MDB. Needham & Company LLC raised their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Citigroup reissued a “market outperform” rating on shares of MongoDB in a research note on Tuesday. The Goldman Sachs Group raised their price objective on shares of MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Wolfe Research upped their target price on shares of MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Finally, Morgan Stanley increased their price target on MongoDB from $255.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.89.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $355.84 on Wednesday. The company has a market cap of $28.95 billion, a P/E ratio of -363.10 and a beta of 1.52. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $385.44. The firm’s fifty day moving average is $325.34 and its two-hundred day moving average is $246.39.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data 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 net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. During the same period last year, the company earned $0.70 EPS. The firm’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. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.