Virtus Wealth Solutions LLC Acquires New Position in MongoDB, Inc. $MDB

Virtus Wealth Solutions LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,765 shares of the company’s stock, valued at approximately $548,000.

A number of other institutional investors also recently bought and sold shares of MDB. AQR Capital Management LLC boosted its position in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Norges Bank acquired a new position in MongoDB during the second quarter worth about $164,338,000. Vanguard Group Inc. grew its position in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after purchasing an additional 744,547 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of MongoDB by 503.1% during the 3rd quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock worth $222,474,000 after purchasing an additional 597,937 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of MongoDB by 83.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,033,531 shares of the company’s stock worth $217,009,000 after purchasing an additional 471,341 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $314.99 on Thursday. The business has a 50-day moving average of $389.33 and a 200-day moving average of $348.12. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of -362.06 and a beta of 1.38. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior 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. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other news, Director Roelof Botha sold 24,850 shares of the company’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 sale, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,353 shares of company stock valued at $25,440,798. 3.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MDB has been the subject of a number of recent research reports. Scotiabank lifted their price target on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Barclays raised their price objective on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Citigroup dropped their target price on MongoDB from $525.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho raised their price target on MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Guggenheim increased their price objective on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $416.15.

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.