Allianz Asset Management GmbH Acquires 13,678 Shares of MongoDB, Inc. $MDB

Allianz Asset Management GmbH boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 395.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,138 shares of the company’s stock after acquiring an additional 13,678 shares during the quarter. Allianz Asset Management GmbH’s holdings in MongoDB were worth $5,319,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. TD Private Client Wealth LLC lifted its position in shares of 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 purchasing an additional 113 shares during the last quarter. Hollencrest Capital Management purchased a new position in MongoDB in the 3rd quarter worth about $37,000. Parkside Financial Bank & Trust increased its stake in 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 buying an additional 65 shares during the period. WPG Advisers LLC lifted its holdings in MongoDB by 53.7% during the 3rd quarter. WPG Advisers LLC now owns 166 shares of the company’s stock valued at $52,000 after buying an additional 58 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its position in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 5.6%

MDB opened at $377.68 on Wednesday. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of -434.11 and a beta of 1.38. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a fifty day moving average price of $404.39 and a 200-day moving average price of $340.06.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDB. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 target price on shares of MongoDB in a research report on Tuesday, January 20th. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Scotiabank raised their price objective on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Piper Sandler reiterated an “overweight” rating and issued a $490.00 target price (up from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $422.29.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the sale, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the transaction, the chief accounting officer directly owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 72,353 shares of company stock worth $28,825,998. 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.