Corient Private Wealth LLC Raises Holdings in MongoDB, Inc. $MDB

Corient Private Wealth LLC increased its position in MongoDB, Inc. (NASDAQ:MDB) by 263.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,129 shares of the company’s stock after acquiring an additional 4,441 shares during the quarter. Corient Private Wealth LLC’s holdings in MongoDB were worth $1,287,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares during the period. State Street Corp lifted its stake in shares of MongoDB by 5.0% during the 2nd quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after buying an additional 80,334 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after buying an additional 68,611 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after buying an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $311.62, for a total value of $3,116,200.00. Following the completion of the transaction, the director owned 1,069,316 shares in the company, valued at $333,220,251.92. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,969 shares of company stock worth $29,937,272 in the last ninety days. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price target on MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Scotiabank increased their price objective on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada lifted their target price on MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Truist Financial upped their price target on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Wolfe Research increased their price target on shares of MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Two investment analysts have 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $414.97.

MongoDB Stock Performance

Shares of MDB opened at $435.25 on Thursday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $440.67. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of -500.29 and a beta of 1.45. The firm has a 50 day moving average price of $367.57 and a 200-day moving average price of $295.20.

MongoDB (NASDAQ:MDB) last released 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. The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.