Andra AP fonden Reduces Holdings in MongoDB, Inc. $MDB

Andra AP fonden lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 25.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,369 shares of the company’s stock after selling 13,400 shares during the quarter. Andra AP fonden’s holdings in MongoDB were worth $12,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Montag A & Associates Inc. boosted its stake in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Promus Capital LLC purchased a new stake in MongoDB in the second quarter valued at $36,000. TD Private Client Wealth LLC increased its position in MongoDB by 2,825.0% during the third 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 period. Hollencrest Capital Management purchased a new position in MongoDB during the 3rd quarter worth $37,000. Finally, Westside Investment Management Inc. increased its stake in MongoDB by 82.1% in the third 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. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Trading Down 2.4%

MDB stock opened at $328.47 on Friday. The firm has a 50-day moving average of $385.52 and a two-hundred day moving average of $348.93. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The firm has a market capitalization of $26.73 billion, a PE ratio of -377.55 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. 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, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Macquarie Infrastructure lifted their price objective on shares of MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Morgan Stanley upped their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. BMO Capital Markets dropped their price target on MongoDB from $455.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group raised their price target on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Finally, Royal Bank Of Canada set a $500.00 price objective on shares of MongoDB in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $416.15.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction on 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 transaction, the director 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 link. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,353 shares of company stock valued at $25,440,798 in the last three months. 3.10% of the stock is currently owned by insiders.

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.