Federated Hermes Inc. Boosts Holdings in MongoDB, Inc. $MDB

Federated Hermes Inc. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 854,380.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,613 shares of the company’s stock after purchasing an additional 307,577 shares during the quarter. Federated Hermes Inc. owned approximately 0.38% of MongoDB worth $95,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MDB. TD Private Client Wealth LLC boosted its position in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of MongoDB by 85.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock valued at $44,000 after purchasing an additional 65 shares during the last quarter. WPG Advisers LLC grew its position in shares of MongoDB by 53.7% during the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock valued at $52,000 after purchasing an additional 58 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in shares of MongoDB in the second quarter worth about $36,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 0.2%

MDB stock opened at $411.04 on Thursday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72. The company has a 50-day moving average price of $400.80 and a 200 day moving average price of $330.71. The stock has a market cap of $33.45 billion, a PE ratio of -472.46 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the sale, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 78,162 shares of company stock worth $31,004,092. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDB. Monness Crespi & Hardt raised their price target on MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Sanford C. Bernstein increased their price objective on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Wedbush lifted their price objective on shares of MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Citigroup upped their target price on shares of MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $422.29.

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.