HighTower Advisors LLC Has $7.35 Million Stake in MongoDB, Inc. $MDB

HighTower Advisors LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,671 shares of the company’s stock after purchasing an additional 3,875 shares during the quarter. HighTower Advisors LLC’s holdings in MongoDB were worth $7,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Private Client Wealth LLC lifted its position in MongoDB by 2,825.0% during 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 in the last quarter. Hollencrest Capital Management acquired a new position in shares of MongoDB during the third quarter worth approximately $37,000. Westside Investment Management Inc. lifted its position 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 purchasing an additional 55 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of MongoDB by 85.5% during the third 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. Finally, WPG Advisers LLC increased its holdings in shares of MongoDB by 53.7% in 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. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price objective on shares of MongoDB in a report on Monday, January 5th. Needham & Company LLC restated a “buy” rating and set a $500.00 target price on shares of MongoDB in a research report on Tuesday, January 20th. UBS Group upped their target price on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Citizens Jmp raised their target price on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 2nd. Finally, DA Davidson boosted their price target on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $422.97.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the completion of the transaction, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the sale, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 62,353 shares of company stock valued at $25,440,798. Company insiders own 3.10% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $344.56 on Monday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of -396.05 and a beta of 1.38. The company’s 50 day simple moving average is $395.67 and its 200 day simple moving average is $347.08.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 earnings per share 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 company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the business posted $1.16 earnings per share. The business’s revenue for the quarter 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. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB 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.