West Tower Group LLC Purchases Shares of 1,000 MongoDB, Inc. $MDB

West Tower Group LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after purchasing an additional 129,451 shares during the period. Amundi increased its position in MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after purchasing an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in MongoDB during the 1st quarter worth approximately $161,543,000. Finally, Primecap Management Co. CA increased its position in MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of MongoDB stock opened at $318.53 on Monday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The company has a market capitalization of $25.92 billion, a P/E ratio of -325.03 and a beta of 1.50. The business has a 50 day moving average price of $294.73 and a 200 day moving average price of $230.42.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of MongoDB in a research report on Wednesday, October 8th. Barclays boosted their price target on MongoDB from $305.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. BMO Capital Markets boosted their price target on MongoDB from $315.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, September 18th. Stephens began coverage on MongoDB in a research note on Friday, July 18th. They set an “equal weight” rating and a $247.00 price target on the stock. Finally, Macquarie boosted their price target on MongoDB from $265.00 to $305.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $342.69.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,163 shares of company stock valued at $36,886,482. Insiders own 3.10% of the company’s stock.

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.