Acadian Asset Management LLC Has $217.01 Million Stock Position in MongoDB, Inc. $MDB

Acadian Asset Management LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 83.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,033,531 shares of the company’s stock after purchasing an additional 471,341 shares during the period. Acadian Asset Management LLC owned about 1.26% of MongoDB worth $217,009,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MDB. Envestnet Asset Management Inc. boosted its position in MongoDB by 44.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 127,425 shares of the company’s stock worth $22,350,000 after buying an additional 39,311 shares during the period. Brown Advisory Inc. increased its position in shares of MongoDB by 671.1% during the first quarter. Brown Advisory Inc. now owns 24,258 shares of the company’s stock worth $4,255,000 after buying an additional 21,112 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in MongoDB by 2.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 45,196 shares of the company’s stock valued at $7,956,000 after buying an additional 870 shares during the period. Alps Advisors Inc. boosted its position in shares of MongoDB by 42.5% during the 1st quarter. Alps Advisors Inc. now owns 8,047 shares of the company’s stock valued at $1,411,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of MongoDB by 3.2% during the 1st quarter. Xponance Inc. now owns 14,121 shares of the company’s stock worth $2,477,000 after buying an additional 444 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 33,320 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the sale, the chief executive officer owned 203,237 shares in the company, valued at approximately $61,233,275.73. This trade represents a 14.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 108,492 shares of company stock worth $34,213,359. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Up 1.5%

MongoDB stock opened at $361.04 on Friday. The stock has a market cap of $29.37 billion, a price-to-earnings ratio of -368.41 and a beta of 1.52. The business has a 50-day simple moving average of $328.09 and a 200 day simple moving average of $250.00. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $385.44.

MongoDB (NASDAQ:MDB) last issued its quarterly 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 net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. During the same quarter last year, the business posted $0.70 EPS. The business’s revenue 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. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research reports. JMP Securities raised their price objective on MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a research note on Friday, September 19th. Truist Financial raised their target price on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein upped their target price on MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Canaccord Genuity Group raised their target price on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Monness Crespi & Hardt raised their price objective on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.97.

MongoDB Company 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.