Aberdeen Group plc Boosts Position in MongoDB, Inc. $MDB

Aberdeen Group plc grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,887 shares of the company’s stock after buying an additional 8,317 shares during the period. Aberdeen Group plc owned 0.09% of MongoDB worth $22,061,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MDB. AQR Capital Management LLC lifted its stake in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Norges Bank purchased a new position in MongoDB during the second quarter worth about $164,338,000. Vanguard Group Inc. increased its stake in MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after acquiring an additional 744,547 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of MongoDB by 503.1% in the 3rd quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after acquiring an additional 597,937 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in MongoDB by 83.8% during the second quarter. Acadian Asset Management LLC now owns 1,033,531 shares of the company’s stock valued at $217,009,000 after purchasing an additional 471,341 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 3.8%

MDB opened at $354.36 on Wednesday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The company has a market cap of $28.84 billion, a price-to-earnings ratio of -407.31 and a beta of 1.38. The stock has a fifty day simple moving average of $399.74 and a two-hundred day simple moving average of $344.45.

MongoDB (NASDAQ:MDB) last issued its quarterly 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. The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations 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 company 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, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the sale, the director directly owned 1,041,316 shares of the company’s stock, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the transaction, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,353 shares of company stock valued at $25,440,798 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley increased their price objective on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company raised their target price on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. BMO Capital Markets upped their price target on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a 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 report on Tuesday, December 2nd. Finally, Oppenheimer restated an “outperform” rating on shares of MongoDB in a research report on Monday, January 5th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $423.73.

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.