CW Advisors LLC Buys 2,347 Shares of MongoDB, Inc. $MDB

CW Advisors LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,426 shares of the company’s stock after purchasing an additional 2,347 shares during the period. CW Advisors LLC’s holdings in MongoDB were worth $4,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Main Management ETF Advisors LLC lifted its holdings in MongoDB by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock worth $770,000 after buying an additional 60 shares during the period. Carnegie Investment Counsel grew its holdings in shares of MongoDB by 3.6% during the 2nd quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock worth $379,000 after acquiring an additional 62 shares during the period. New York Life Investment Management LLC raised its position in shares of MongoDB by 6.2% in the 2nd 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of MongoDB by 6.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock valued at $279,000 after purchasing an additional 85 shares during the period. Finally, Summit Investment Advisors Inc. lifted its stake in shares of MongoDB by 3.7% in the 1st quarter. Summit Investment Advisors Inc. now owns 2,438 shares of the company’s stock valued at $428,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MDB shares. Guggenheim increased their price objective on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley increased their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday. Needham & Company LLC boosted their price objective on shares of MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday. Wolfe Research raised their target price on shares of MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Finally, Mizuho lifted their target price on shares of MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $415.39.

MongoDB Stock Up 3.2%

Shares of MDB opened at $409.62 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $419.50. The company has a market capitalization of $33.33 billion, a P/E ratio of -470.83 and a beta of 1.45. The firm has a 50 day moving average of $340.44 and a 200 day moving average of $273.72.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same period last year, the business posted $1.16 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the company’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 transaction, the director owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the sale, the director directly owned 32,293 shares in the company, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 95,172 shares of company stock valued at $31,450,450. 3.10% of the stock is owned by insiders.

About MongoDB

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.