CenterBook Partners LP Takes Position in MongoDB, Inc. $MDB

CenterBook Partners LP bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,647 shares of the company’s stock, valued at approximately $1,132,000.

A number of other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Norges Bank acquired a new stake in shares of MongoDB in the second quarter worth $164,338,000. Vanguard Group Inc. raised its holdings in shares of MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares during the last quarter. Voya Investment Management LLC lifted its position in MongoDB by 503.1% during the third quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after purchasing an additional 597,937 shares during the period. 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 period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This 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 through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citizens Jmp increased their price target on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada set a $500.00 target price on MongoDB in a research note on Thursday, January 15th. Mizuho lifted their price target on MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Guggenheim boosted their price target on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Raymond James Financial assumed coverage on MongoDB in a research report on Monday, December 15th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $422.97.

MongoDB Price Performance

Shares of MDB stock opened at $344.56 on Friday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $444.72. The company has a market cap of $28.04 billion, a price-to-earnings ratio of -396.05 and a beta of 1.38. The stock has a 50 day simple moving average of $395.67 and a 200-day simple moving average of $345.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s 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 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. Analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.