1,303 Shares in MongoDB, Inc. $MDB Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,303 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDB. Parallel Advisors LLC lifted its position in shares of MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after acquiring an additional 249 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC increased its stake in MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Sowell Financial Services LLC bought a new stake in MongoDB in the first quarter valued at $263,000. Finally, Red Spruce Capital LLC raised its holdings in shares of MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDB. Guggenheim raised their target price on MongoDB from $310.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Stifel Nicolaus raised their price objective on MongoDB from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Oppenheimer boosted their price objective on MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Truist Financial increased their target price on MongoDB from $330.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Finally, Scotiabank boosted their price target on shares of MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $342.69.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the sale, the director owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,163 shares of company stock valued at $36,886,482 in the last three months. Insiders own 3.10% of the company’s stock.

MongoDB Price Performance

NASDAQ MDB opened at $318.53 on Friday. The company has a fifty day moving average price of $294.73 and a 200-day moving average price of $229.95. The firm has a market cap of $25.92 billion, a price-to-earnings ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The firm had revenue of $591.40 million for the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Profile

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.