New York State Common Retirement Fund Reduces Position in MongoDB, Inc. $MDB

New York State Common Retirement Fund decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 28.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,795 shares of the company’s stock after selling 32,839 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of MongoDB worth $26,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDB. TD Private Client Wealth LLC lifted its holdings in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of MongoDB by 85.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock worth $44,000 after acquiring an additional 65 shares during the period. WPG Advisers LLC boosted its holdings in shares of MongoDB by 53.7% in the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock valued at $52,000 after acquiring an additional 58 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in shares of MongoDB during the second quarter worth about $36,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDB. Barclays boosted their target price on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Truist Financial lifted their price target on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Raymond James Financial started coverage on MongoDB in a report on Monday, December 15th. They issued a “market perform” rating for the company. Finally, Citizens Jmp upped their price target on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $422.29.

Insider Transactions at MongoDB

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available at 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 completion of the sale, the director directly owned 1,055,316 shares in the company, valued at $357,245,572.32. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 78,162 shares of company stock valued at $31,004,092. Insiders own 3.10% of the company’s stock.

MongoDB Trading Down 0.7%

Shares of NASDAQ:MDB opened at $371.33 on Friday. The firm has a market cap of $30.22 billion, a price-to-earnings ratio of -426.82 and a beta of 1.38. The stock’s 50-day moving average price is $402.71 and its two-hundred day moving average price is $333.05. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the company posted $1.16 EPS. The business’s quarterly 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, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.