Peregrine Investment Management Inc. Buys 5,240 Shares of MongoDB, Inc. $MDB

Peregrine Investment Management Inc. boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 23.8% during the 3rd quarter, Holdings Channel reports. The fund owned 27,240 shares of the company’s stock after buying an additional 5,240 shares during the period. MongoDB comprises about 4.2% of Peregrine Investment Management Inc.’s portfolio, making the stock its 13th largest position. Peregrine Investment Management Inc.’s holdings in MongoDB were worth $8,455,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Montag A & Associates Inc. lifted its holdings in shares of MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares during the period. Promus Capital LLC acquired a new position in MongoDB in the 2nd quarter valued at $36,000. TD Private Client Wealth LLC lifted its position in 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 buying an additional 113 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of MongoDB in the third quarter valued at approximately $37,000. Finally, Westside Investment Management Inc. boosted its stake in shares of MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after buying an additional 55 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares in the company, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 555 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,353 shares of company stock valued at $25,440,798 in the last quarter. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating on shares of MongoDB in a report on Monday, January 5th. Sanford C. Bernstein lifted their price target on MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. BMO Capital Markets raised their target price on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Mizuho upped their price target on shares of MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Price Performance

MDB opened at $356.74 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a market capitalization of $29.04 billion, a P/E ratio of -410.05 and a beta of 1.38. The business has a 50 day simple moving average of $402.76 and a 200-day simple moving average of $340.35.

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

About MongoDB

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.