T. Rowe Price Investment Management Inc. Sells 1,776 Shares of MongoDB, Inc. $MDB

T. Rowe Price Investment Management Inc. decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 507,110 shares of the company’s stock after selling 1,776 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in MongoDB were worth $88,948,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH raised its holdings in MongoDB by 19.3% in the first quarter. Erste Asset Management GmbH now owns 8,354 shares of the company’s stock worth $1,487,000 after purchasing an additional 1,354 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in MongoDB by 100.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,436 shares of the company’s stock worth $1,491,000 after purchasing an additional 4,217 shares in the last quarter. Groupama Asset Managment raised its holdings in MongoDB by 13.0% in the first quarter. Groupama Asset Managment now owns 23,205 shares of the company’s stock worth $4,131,000 after purchasing an additional 2,661 shares in the last quarter. MIG Capital LLC bought a new position in MongoDB in the first quarter worth $813,000. Finally, Oberndorf William E bought a new position in MongoDB in the first quarter worth $4,876,000. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MDB shares. Bank of America increased their price objective on MongoDB from $215.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Monness Crespi & Hardt raised MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 target price on the stock in a research note on Thursday, June 5th. Rosenblatt Securities cut their target price on MongoDB from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, June 5th. Finally, UBS Group increased their target price on MongoDB from $213.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.46.

MongoDB Price Performance

MongoDB stock opened at $211.96 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock has a market capitalization of $17.32 billion, a PE ratio of -185.93 and a beta of 1.44. The business’s fifty day moving average is $215.77 and its 200 day moving average is $208.01.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The company had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $527.49 million. During the same period last year, the firm posted $0.51 earnings per share. MongoDB’s revenue was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares of the company’s stock, valued at $57,693,886.73. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director directly owned 1,104,316 shares in the company, valued at $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 over the last ninety days. Insiders own 3.10% of the company’s stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.