Covea Finance Lowers Stock Position in MongoDB, Inc. $MDB

Covea Finance cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,400 shares of the company’s stock after selling 7,800 shares during the period. Covea Finance’s holdings in MongoDB were worth $10,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MDB. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter worth approximately $28,000. Huntington National Bank raised its position in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. Promus Capital LLC acquired a new position in MongoDB during the second quarter worth $36,000. TD Private Client Wealth LLC boosted its position in shares of 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 during the period. Finally, Hollencrest Capital Management purchased a new position in shares of MongoDB during the third quarter worth $37,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Large call buying: Investors purchased an unusually high number of call options (36,130), signaling sizable bullish speculative interest and potential upside hedging from institutional players. MongoDB Options Surge Sparks Nasdaq Composite Focus
• Positive Sentiment: Brokerage consensus leans buy: Recent write-ups summarize that the average brokerage recommendation favors investing in MDB, which can support demand for shares if upgrades or reiterated buys follow. Brokers Suggest Investing in MongoDB (Yahoo)
• Neutral Sentiment: High-profile mention: Jim Cramer previously highlighted MDB as an AI-related pick, keeping the name in retail and cable-driven rotation; useful for attention but not new fundamental information. Jim Cramer Recommended MongoDB
• Neutral Sentiment: Analyst coverage context: Multiple pieces revisit the role and limits of sell‑side recommendations — supportive but often optimistic, so coverage may buoy shares without changing fundamentals. Zacks: Brokers Suggest Investing in MongoDB
• Negative Sentiment: Heavy put buying: Investors also purchased a large number of put options (23,831), a bearish signal that can indicate downside hedging or directional bets and can pressure the stock if sellers hedge by selling shares. Investors Buy Large Volume of Put Options on MongoDB
• Negative Sentiment: Unusually large overall options flow: Multiple outlets report extremely elevated options volume (both calls and puts up ~2,000% vs. normal), which typically increases short‑term volatility and can accelerate downside moves as hedging flows play out. MongoDB Target of Unusually Large Options Trading

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $407.70, for a total transaction of $4,077,000.00. Following the sale, the director owned 1,031,316 shares of the company’s stock, valued at approximately $420,467,533.20. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 19,383 shares of company stock valued at $7,910,983 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $261.16 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72. The stock has a market cap of $21.26 billion, a P/E ratio of -296.77 and a beta of 1.40. The stock has a 50-day simple moving average of $338.48 and a 200-day simple moving average of $351.90.

MongoDB (NASDAQ:MDB) last issued its 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. The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $260.00 price objective (down from $500.00) on shares of MongoDB in a research note on Tuesday, March 3rd. Bank of America restated a “buy” rating on shares of MongoDB in a report on Tuesday, March 3rd. UBS Group dropped their target price on MongoDB from $440.00 to $275.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Wells Fargo & Company cut their price target on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein cut shares of MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $354.18.

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.