MongoDB, Inc. $MDB Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,207 shares of the company’s stock after selling 357 shares during the quarter. AE Wealth Management LLC’s holdings in MongoDB were worth $673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in shares of MongoDB in the first quarter worth $26,000. Cullen Frost Bankers Inc. boosted its stake in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares during the period. State of Wyoming bought a new position in shares of MongoDB during the first quarter worth about $62,000. Brooklyn Investment Group raised its stake in MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after acquiring an additional 290 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in MongoDB during the 1st quarter valued at about $96,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of MongoDB from $350.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. JMP Securities increased their price objective on MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Friday, September 19th. Oppenheimer increased their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Weiss Ratings restated a “sell (e+)” rating on shares of MongoDB in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $375.00 target price on MongoDB in a research report on Tuesday, November 4th. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.97.

Insider Buying and Selling at MongoDB

In related news, Director Charles M. Hazard, Jr. sold 833 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $383.72, for a total value of $319,638.76. Following the transaction, the director directly owned 45,700 shares in the company, valued at $17,536,004. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 108,492 shares of company stock worth $34,213,359 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

MongoDB Price Performance

Shares of MDB opened at $351.14 on Friday. The business’s 50 day simple moving average is $331.95 and its 200-day simple moving average is $254.88. The company has a market capitalization of $28.57 billion, a P/E ratio of -358.31 and a beta of 1.52. MongoDB, Inc. has a one year low of $140.78 and a one year 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 the consensus estimate 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 company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same quarter last year, the company earned $0.70 EPS. The firm’s quarterly revenue 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. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.