State of New Jersey Common Pension Fund D Grows Stock Holdings in MongoDB, Inc. $MDB

State of New Jersey Common Pension Fund D grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,936 shares of the company’s stock after purchasing an additional 1,415 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MongoDB were worth $8,981,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its position in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares during the last quarter. Hollencrest Capital Management bought a new position in MongoDB during the third quarter valued at approximately $37,000. Westside Investment Management Inc. raised its stake in shares of MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after acquiring an additional 55 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of MongoDB by 85.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock worth $44,000 after acquiring an additional 65 shares during the last quarter. Finally, WPG Advisers LLC boosted its stake in shares of MongoDB by 53.7% in the 3rd 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. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB 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 sale, the director directly owned 25,659 shares in the company, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 62,353 shares of company stock valued at $25,440,798. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MDB. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Citigroup lifted their price objective on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Macquarie Infrastructure boosted their target price on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Scotiabank raised their price target on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada set a $500.00 price objective on MongoDB in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $423.73.

MongoDB Stock Down 3.8%

NASDAQ:MDB opened at $354.36 on Wednesday. The stock has a market cap of $28.84 billion, a P/E ratio of -407.31 and a beta of 1.38. The firm’s fifty day simple moving average is $399.74 and its 200 day simple moving average is $344.45. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 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 company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, analysts expect 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.