MongoDB, Inc. $MDB Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 32.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,541 shares of the company’s stock after selling 2,680 shares during the quarter. Alps Advisors Inc.’s holdings in MongoDB were worth $1,720,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDB. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of MongoDB by 1,277.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after purchasing an additional 16,896 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in MongoDB by 209.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after buying an additional 3,077 shares during the last quarter. Penserra Capital Management LLC increased its stake in MongoDB by 42.1% during the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after buying an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC acquired a new position in shares of MongoDB during the third quarter valued at approximately $1,032,000. Finally, Rakuten Investment Management Inc. acquired a new position in shares of MongoDB during the third quarter valued at approximately $40,014,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Up 5.6%

MDB stock opened at $377.68 on Wednesday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72. The stock has a market cap of $30.74 billion, a price-to-earnings ratio of -434.11 and a beta of 1.38. The business has a fifty day moving average of $404.39 and a two-hundred day moving average of $340.06.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley boosted their price target on MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Monness Crespi & Hardt lifted their target price on shares of MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research note 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 research report on Tuesday, December 2nd. Mizuho raised their price target on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Argus boosted their price target on shares of MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $422.29.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 555 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the sale, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This trade represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,353 shares of company stock valued at $28,825,998 over the last 90 days. Insiders own 3.10% of the company’s stock.

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.