Assetmark Inc. Sells 5,740 Shares of MongoDB, Inc. $MDB

Assetmark Inc. cut its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 45.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,988 shares of the company’s stock after selling 5,740 shares during the period. Assetmark Inc.’s holdings in MongoDB were worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after acquiring an additional 54 shares in the last quarter. Westside Investment Management Inc. increased its position in MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares during the period. WPG Advisers LLC raised its holdings 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. Main Management ETF Advisors LLC raised its holdings in shares of MongoDB by 1.7% in 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. Finally, Versant Capital Management Inc lifted its position 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 period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 555 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director owned 194,600 shares in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,353 shares of company stock worth $25,440,798. 3.10% of the stock is owned by insiders.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $363.07 on Thursday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The company has a market cap of $29.55 billion, a PE ratio of -417.32 and a beta of 1.38. The business has a 50-day simple moving average of $398.45 and a two-hundred day simple moving average of $344.58.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm 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%. MongoDB’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm 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. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada set a $500.00 price objective on shares of MongoDB in a report on Thursday, January 15th. Oppenheimer cut their price target on MongoDB from $490.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday. Cantor Fitzgerald boosted their price target on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Sanford C. Bernstein raised their price objective on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Bank of America boosted their target price on shares of MongoDB from $440.00 to $480.00 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-six have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.97.

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.