Pinkerton Wealth LLC Invests $1.24 Million in MongoDB, Inc. $MDB

Pinkerton Wealth LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,954 shares of the company’s stock, valued at approximately $1,240,000.

Other large investors have also made changes to their positions in the company. Clark Financial Services Group Inc. BD increased its position in shares of MongoDB by 1.5% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after acquiring an additional 25 shares during the period. True Wealth Design LLC increased its position in shares of MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after acquiring an additional 36 shares during the period. HighPoint Advisor Group LLC increased its position in shares of MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after acquiring an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of MongoDB by 3.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after acquiring an additional 40 shares during the period. Finally, Whittier Trust Co. increased its position in shares of MongoDB by 4.3% in the 4th quarter. Whittier Trust Co. now owns 976 shares of the company’s stock valued at $425,000 after acquiring an additional 40 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: BMO Capital raised its price target on MongoDB to $360 from $285, citing durable growth potential and a strong position in the database market. MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital
• Positive Sentiment: Bank of America lifted its target to $375 and reiterated a Buy rating, saying demand trends and execution remain strong, especially for Atlas and other cloud offerings. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed an Outperform rating and increased its target to $395, reinforcing the bullish view that MongoDB can benefit from AI-related workload growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Neutral Sentiment: Robert W. Baird raised its price target to $335 from $260 but kept a Neutral rating, signaling improved expectations without turning fully bullish.
• Neutral Sentiment: Recent commentary also highlighted MongoDB’s AI data-platform push, including new integrations and performance upgrades, which could support longer-term growth if adoption continues. Is MongoDB’s (MDB) All-in-One AI Data Push Quietly Reshaping Its Long-Term Competitive Moat?
• Negative Sentiment: Insider selling remains a concern, with director Dwight Merriman recently disclosing share sales, which can weigh on investor sentiment even when done under a pre-arranged plan. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

MongoDB Stock Performance

Shares of MDB opened at $329.14 on Thursday. The business’s 50-day moving average is $266.18 and its two-hundred day moving average is $335.52. The company has a market capitalization of $26.45 billion, a P/E ratio of -374.02 and a beta of 1.48. MongoDB, Inc. has a fifty-two week low of $182.43 and a fifty-two week high of $444.72.

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

Insider Activity

In other news, 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 transaction of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This represents a 6.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 31,566 shares of company stock worth $8,744,791. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDB shares. Piper Sandler cut their target price on MongoDB from $490.00 to $330.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Barclays cut their price target on MongoDB from $440.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Oppenheimer cut their price target on MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Wedbush cut their price target on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Finally, Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.37.

MongoDB 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.