MongoDB, Inc. $MDB Shares Acquired by Andra AP fonden

Andra AP fonden increased its position in MongoDB, Inc. (NASDAQ:MDB) by 13.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 52,769 shares of the company’s stock after purchasing an additional 6,400 shares during the period. Andra AP fonden owned 0.06% of MongoDB worth $11,081,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel lifted its stake in MongoDB by 3.6% in the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after buying an additional 62 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of MongoDB by 6.2% during the second quarter. New York Life Investment Management LLC now owns 1,236 shares of the company’s stock worth $260,000 after acquiring an additional 72 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of MongoDB by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock valued at $530,000 after acquiring an additional 77 shares during the period. Arizona State Retirement System raised its position in MongoDB by 0.4% in the 1st quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock valued at $3,772,000 after purchasing an additional 83 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in MongoDB by 6.8% during the 2nd 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. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MDB. Truist Financial lifted their price objective on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Monday. Citigroup reissued a “market outperform” rating on shares of MongoDB in a report on Tuesday. Robert W. Baird boosted their price target on MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Canaccord Genuity Group increased their price objective on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Cantor Fitzgerald lifted their target price on MongoDB from $312.00 to $406.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.97.

MongoDB Trading Up 1.6%

Shares of MDB stock opened at $355.83 on Friday. The stock has a 50 day simple moving average of $327.18 and a 200-day simple moving average of $247.87. The company has a market cap of $28.95 billion, a price-to-earnings ratio of -363.09 and a beta of 1.52. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $385.44.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 business had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the sale, the director owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This trade represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 108,492 shares of company stock worth $34,213,359. Company 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.