MongoDB, Inc. $MDB Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 166.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,697 shares of the company’s stock after purchasing an additional 5,428 shares during the quarter. Intech Investment Management LLC’s holdings in MongoDB were worth $1,826,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC grew its position in MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after buying an additional 249 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after acquiring an additional 362,705 shares during the last quarter. Red Spruce Capital LLC lifted its position in shares of MongoDB by 11.8% during the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,426 shares during the last quarter. Triton Financial Group Inc bought a new stake in shares of MongoDB during the 2nd quarter worth $782,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of MongoDB by 875.2% in the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after acquiring an additional 8,927 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 2.4%

Shares of NASDAQ MDB opened at $321.18 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $385.44. The business has a 50-day moving average price of $332.78 and a two-hundred day moving average price of $261.68. The firm has a market capitalization of $26.13 billion, a PE ratio of -327.73 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The company had revenue of $591.40 million during 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%.MongoDB’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company 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. Research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other news, Director Charles M. Hazard, Jr. sold 833 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $383.72, for a total value of $319,638.76. Following the transaction, the director directly owned 45,700 shares of the company’s stock, valued at approximately $17,536,004. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the sale, the director owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. This represents a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 124,492 shares of company stock worth $39,833,319 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MDB has been the subject of several analyst reports. Zacks Research downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Stifel Nicolaus set a $375.00 price target on MongoDB in a research note on Tuesday, November 4th. Canaccord Genuity Group upped their price objective on shares of MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. JMP Securities raised their target price on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a report on Friday, September 19th. Finally, DA Davidson lifted their target price on shares of MongoDB from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $355.39.

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.