Envestnet Asset Management Inc. Sells 57,391 Shares of MongoDB, Inc. $MDB

Envestnet Asset Management Inc. lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 56.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,321 shares of the company’s stock after selling 57,391 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of MongoDB worth $13,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cherry Creek Investment Advisors Inc. grew its holdings in shares of MongoDB by 37.1% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 10,960 shares of the company’s stock valued at $3,402,000 after purchasing an additional 2,963 shares during the last quarter. Penserra Capital Management LLC boosted its position in MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after buying an additional 39,978 shares during the period. Westside Investment Management Inc. boosted its position in MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after buying an additional 55 shares during the period. Allianz Asset Management GmbH grew its stake in shares of MongoDB by 395.3% during the third quarter. Allianz Asset Management GmbH now owns 17,138 shares of the company’s stock valued at $5,319,000 after buying an additional 13,678 shares during the last quarter. Finally, Callan Family Office LLC increased its holdings in shares of MongoDB by 15.1% in the third quarter. Callan Family Office LLC now owns 1,197 shares of the company’s stock worth $372,000 after buying an additional 157 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Up 3.3%

Shares of MDB stock opened at $368.40 on Tuesday. The company’s fifty day moving average price is $400.93 and its 200-day moving average price is $343.52. The stock has a market cap of $29.98 billion, a PE ratio of -423.45 and a beta of 1.38. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced 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. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business’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 forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 25,659 shares in the company, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 62,353 shares of company stock worth $25,440,798. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MDB shares. DA Davidson increased 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. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. Bank of America lifted their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Canaccord Genuity Group raised their price target on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $422.29.

MongoDB Company 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.