Allworth Financial LP Boosts Stake in MongoDB, Inc. $MDB

Allworth Financial LP lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 69.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 948 shares of the company’s stock after purchasing an additional 389 shares during the quarter. Allworth Financial LP’s holdings in MongoDB were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MDB. Acadian Asset Management LLC raised its position in shares of MongoDB by 83.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,033,531 shares of the company’s stock valued at $217,009,000 after buying an additional 471,341 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of MongoDB in the 2nd quarter valued at about $2,504,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of MongoDB by 2,721.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 187,111 shares of the company’s stock valued at $39,291,000 after purchasing an additional 180,480 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of MongoDB by 10.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,612 shares of the company’s stock worth $14,828,000 after acquiring an additional 6,615 shares in the last quarter. Finally, Aviva PLC raised its holdings in MongoDB by 7.0% during the second quarter. Aviva PLC now owns 55,723 shares of the company’s stock worth $11,701,000 after purchasing an additional 3,626 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 0.5%

Shares of NASDAQ MDB opened at $337.86 on Wednesday. The stock has a fifty day moving average price of $332.97 and a 200 day moving average price of $259.63. The company has a market cap of $27.49 billion, a P/E ratio of -344.76 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 issued its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share 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 during the quarter, compared to analysts’ expectations of $553.23 million. During the same period in the previous year, the company earned $0.70 EPS. MongoDB’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 forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 33,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the sale, the chief executive officer owned 203,237 shares in the company, valued at $61,233,275.73. This trade represents a 14.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction on 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 directly owned 1,079,316 shares in the company, valued at $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 124,492 shares of company stock valued at $39,833,319. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MDB. Oppenheimer raised their price objective on MongoDB from $325.00 to $385.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Truist Financial raised their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley increased their target price on MongoDB from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Scotiabank boosted their target price on shares of MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Finally, Wells Fargo & Company started coverage on MongoDB in a research report on Tuesday, September 30th. They set an “overweight” rating and a $430.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $354.97.

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.