Allstate Corp Takes $900,000 Position in MongoDB, Inc. $MDB

Allstate Corp acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,900 shares of the company’s stock, valued at approximately $900,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after acquiring an additional 54 shares in the last quarter. Main Management ETF Advisors LLC boosted its position in shares of MongoDB by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock valued at $770,000 after purchasing an additional 60 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of MongoDB by 4.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,377 shares of the company’s stock worth $427,000 after purchasing an additional 61 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of MongoDB by 3.6% in the 2nd quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock worth $379,000 after purchasing an additional 62 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings 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 purchasing an additional 72 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and set a $475.00 target price on shares of MongoDB in a report on Monday, January 5th. Argus increased their price objective on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. UBS Group raised their price objective on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Barclays boosted their target price on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, DA Davidson upped their target price on MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $422.29.

Insider Transactions at MongoDB

In related news, Director Roelof Botha sold 24,850 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, November 14th. The shares were sold at an average price of $338.52, for a total value of $3,385,200.00. Following the sale, the director directly owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. The trade was a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,162 shares of company stock valued at $32,384,092. 3.10% of the stock is owned by insiders.

MongoDB Trading Down 0.9%

Shares of NASDAQ MDB opened at $381.44 on Thursday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The firm has a market capitalization of $31.05 billion, a PE ratio of -438.44 and a beta of 1.38. The business has a 50-day moving average price of $394.42 and a two-hundred day moving average price of $323.79.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Profile

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.