MongoDB, Inc. $MDB Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 89.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,570 shares of the company’s stock after selling 14,013 shares during the period. Fox Run Management L.L.C.’s holdings in MongoDB were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC boosted its stake in shares of MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares during the last quarter. Hollencrest Capital Management purchased a new position in MongoDB in the 3rd quarter valued at $37,000. Westside Investment Management Inc. boosted its stake in MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of MongoDB by 85.5% during the third quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock worth $44,000 after buying an additional 65 shares in the last quarter. Finally, Rossby Financial LCC grew its holdings in shares of MongoDB by 120.8% during the third quarter. Rossby Financial LCC now owns 159 shares of the company’s stock worth $51,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Raymond James Financial assumed coverage on shares of MongoDB in a research note on Monday, December 15th. They issued a “market perform” rating on the stock. Bank of America raised their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. DA Davidson dropped their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday. Guggenheim lifted their price objective on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Barclays boosted their price objective on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.15.

MongoDB Trading Down 2.4%

Shares of NASDAQ:MDB opened at $328.47 on Friday. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of -377.55 and a beta of 1.38. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The business has a 50-day moving average price of $385.52 and a 200 day moving average price of $349.91.

MongoDB (NASDAQ:MDB) last announced 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 net margin of 3.06% and a negative return on equity of 1.12%. The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same quarter last year, the firm posted $1.16 earnings per share. MongoDB’s revenue was up 18.7% compared to the same quarter last year. 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, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the sale, the director owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on 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 in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 62,353 shares of company stock valued at $25,440,798. Company insiders own 3.10% of the company’s stock.

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.