Park Avenue Securities LLC Cuts Stake in MongoDB, Inc. $MDB

Park Avenue Securities LLC decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 59.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,003 shares of the company’s stock after selling 1,462 shares during the quarter. Park Avenue Securities LLC’s holdings in MongoDB were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Montag A & Associates Inc. lifted its position in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 101 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of MongoDB during the second quarter valued at approximately $36,000. True Wealth Design LLC lifted its position in shares of MongoDB by 1,193.8% during the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of MongoDB by 79.7% in the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the period. Finally, GAMMA Investing LLC grew its holdings in MongoDB by 46.2% during the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDB. Bank of America boosted their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Wedbush boosted their price target on MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price target on shares of MongoDB in a report on Monday, January 5th. Citizens Jmp lifted their price objective on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 2nd. Finally, Guggenheim upped their target price on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $420.26.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company announced an industry‑first expansion of AI capabilities by integrating Voyage 4 embedding and reranking models to improve retrieval accuracy for production AI workloads — strengthens MongoDB’s positioning as a data layer for AI apps and could accelerate Atlas usage and revenue. MongoDB Sets a New Standard for Retrieval Accuracy
• Positive Sentiment: Expanded “MongoDB for Startups” program to help early‑stage companies scale from prototype to production; participants now represent >$200B in combined valuation — a feeder program that can boost long‑term customer acquisition and future paid Atlas/Cloud adoption. MongoDB for Startups Expands
• Positive Sentiment: Multiple sell‑side firms have raised targets and reiterated Buy/outperform ratings recently (Needham, BofA, Truist, Argus cited), reinforcing bullish institutional sentiment that can attract momentum and retail buyers. MarketBeat Analyst Coverage
• Positive Sentiment: Zacks has highlighted MDB on growth/idea lists (cites AI demand and earnings outlook) — additional analyst attention that can support continued buying interest. 5 Growth Stocks to Buy in January
• Neutral Sentiment: Routine market‑data and share‑price tracking coverage provides intraday context but no new company fundamentals. MongoDB Share Price (Economic Times)
• Negative Sentiment: Director Dwight Merriman sold multiple blocks of MDB shares (transactions Jan 13–15 at ~\$388–\$418); insiders reportedly sold ~\$26M in aggregate — sizable insider selling can create near‑term supply pressure or raise governance/questions for some investors. Director Sells 1,139 Shares (InsiderTrades)
• Negative Sentiment: Stock experienced a sharp intraday decline on Jan 14 (~5.9% drop), indicating recent profit‑taking/rotation and elevated short‑term volatility that could limit immediate upside. MDB Declines More Than Market
• Negative Sentiment: Coverage noting clustered insider sales and reported ~$26M of insider dispositions (Blockonomi/MSN coverage) — media focus on insider activity can amplify selling narratives even if insiders retain large stakes. Insiders Dump $26M

MongoDB Trading Up 2.7%

Shares of NASDAQ MDB opened at $399.76 on Friday. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of -459.49 and a beta of 1.38. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72. The business has a 50 day simple moving average of $393.32 and a 200-day simple moving average of $320.02.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares in the company, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 82,162 shares of company stock valued at $32,384,092. Company insiders own 3.10% of the company’s stock.

MongoDB Company Profile

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.