Cwm LLC Acquires 2,010 Shares of MongoDB, Inc. $MDB

Cwm LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,977 shares of the company’s stock after buying an additional 2,010 shares during the period. Cwm LLC’s holdings in MongoDB were worth $5,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC grew its position in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in MongoDB in the 1st quarter worth about $161,543,000. Norges Bank purchased a new position in MongoDB during the 2nd quarter valued at about $164,338,000. Vanguard Group Inc. grew its holdings in MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after buying an additional 744,547 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of MongoDB by 503.1% during the third quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after buying an additional 597,937 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Charles M. Hazard, Jr. sold 166 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $326.13, for a total value of $54,137.58. Following the completion of the sale, the director owned 13,995 shares of the company’s stock, valued at approximately $4,564,189.35. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roelof Botha sold 24,850 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,969 shares of company stock valued at $29,937,272 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Monness Crespi & Hardt raised their price objective on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Robert W. Baird increased their target price on shares of MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Oppenheimer raised their price target on shares of MongoDB from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Raymond James Financial initiated coverage on MongoDB in a research report on Monday, December 15th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.97.

MongoDB Stock Performance

NASDAQ MDB opened at $421.23 on Wednesday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $440.67. The company has a fifty day moving average of $376.16 and a 200-day moving average of $301.91. The company has a market capitalization of $34.28 billion, a P/E ratio of -484.17 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. 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, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal 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.