Teachers Retirement System of The State of Kentucky Sells 6,500 Shares of MongoDB, Inc. $MDB

Teachers Retirement System of The State of Kentucky decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,004 shares of the company’s stock after selling 6,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in MongoDB were worth $21,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MDB. Cramer Rosenthal Mcglynn LLC lifted its stake in MongoDB by 897.7% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after acquiring an additional 52,002 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in MongoDB by 1,277.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after acquiring an additional 16,896 shares in the last quarter. Pacer Advisors Inc. lifted its stake in MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,077 shares in the last quarter. Penserra Capital Management LLC lifted its stake in MongoDB by 42.1% during the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after acquiring an additional 39,978 shares in the last quarter. Finally, Pinegrove Venture Partners LLC acquired a new position in MongoDB during the 3rd quarter worth about $1,032,000. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 8,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $236.89, for a total value of $1,895,120.00. Following the transaction, the director owned 1,005,316 shares in the company, valued at approximately $238,149,307.24. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the transaction, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,756 shares of company stock worth $3,734,893. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MDB. Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Truist Financial cut their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Needham & Company LLC cut their price target on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a report on Friday, March 27th. Finally, Mizuho upgraded MongoDB from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $290.00 to $325.00 in a report on Monday, March 23rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.97.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $253.59 on Friday. The stock’s 50-day moving average is $273.07 and its two-hundred day moving average is $339.41. MongoDB, Inc. has a 1-year low of $167.19 and a 1-year high of $444.72. The company has a market cap of $20.38 billion, a price-to-earnings ratio of -288.17 and a beta of 1.60.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. During the same quarter in the prior year, the business earned $1.28 EPS. MongoDB’s revenue was up 26.8% on a year-over-year basis. Equities research analysts anticipate that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Announced a €74M Ireland expansion to boost engineering, AI development and add ~200 jobs — strengthens MongoDB’s capacity for AI product work and signals longer‑term revenue/innovation support. MongoDB Announces €74M Ireland Expansion (PR Newswire)
• Positive Sentiment: Expanded product leadership with two new chiefs for AI and core products — a targeted move to accelerate product development for AI workloads and Atlas growth. MongoDB Expands Product Leadership (Yahoo)
• Neutral Sentiment: Elevated options activity suggests traders are positioning for a bigger move in MDB, but options demand is ambiguous — it signals volatility potential rather than direction. Is the Options Market Predicting a Spike in MongoDB Stock? (Yahoo)
• Neutral Sentiment: Quarterly teardown compares MongoDB to peers — revenue growth and product positioning remain competitive, but relative performance depends on execution and margin leverage. Data Storage Stocks Q4 Teardown: MongoDB Vs The Rest (Yahoo)
• Negative Sentiment: Near‑term sentiment pressure from recent guidance reset, go‑to‑market leadership turnover and follow‑on analyst reductions has led to selling pressure and greater downside sensitivity. Analysis: MongoDB stock falls as investors digest guidance reset (QuiverQuant)
• Negative Sentiment: Bank of America cut its price target to $350 and maintained an “underperform” rating — an influential downgrade that can amplify outflows and reprice expectations. BofA Lowers Price Target on MongoDB (MarketScreener)
• Negative Sentiment: Continued insider selling and institutional rebalancing highlighted by recent data — a signal some investors interpret as reduced insider conviction and contributed to recent share weakness. Insider & institutional activity (QuiverQuant)

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.