Advisors Asset Management Inc. Boosts Position in MongoDB, Inc. $MDB

Advisors Asset Management Inc. lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 120.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,821 shares of the company’s stock after buying an additional 1,542 shares during the quarter. Advisors Asset Management Inc.’s holdings in MongoDB were worth $876,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MongoDB by 1,277.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after purchasing an additional 16,896 shares during the period. Pacer Advisors Inc. raised its position in MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,077 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of MongoDB by 42.1% in the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after buying an additional 39,978 shares during the period. Pinegrove Venture Partners LLC purchased a new stake in shares of MongoDB in the 3rd quarter worth $1,032,000. Finally, Rakuten Investment Management Inc. purchased a new position in shares of MongoDB during the third quarter valued at $40,014,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director owned 80,462 shares in the company, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 62,353 shares of company stock worth $25,440,798. 3.10% of the stock is currently owned by company insiders.

MongoDB Trading Down 3.8%

Shares of NASDAQ MDB opened at $354.36 on Wednesday. The company has a 50 day simple moving average of $399.74 and a two-hundred day simple moving average of $344.45. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of -407.31 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 issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter last year, the company posted $1.16 earnings per share. The firm’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. Analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on MDB shares. Cantor Fitzgerald increased their target price on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. DA Davidson increased their price objective on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. UBS Group boosted their price objective on shares of MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein increased their target price on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus upped their price objective on MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $423.73.

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.