Raymond James Financial Inc. Reduces Stock Holdings in MongoDB, Inc. $MDB

Raymond James Financial Inc. reduced its stake in MongoDB, Inc. (NASDAQ:MDB) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 363,429 shares of the company’s stock after selling 25,200 shares during the period. Raymond James Financial Inc. owned 0.45% of MongoDB worth $63,745,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MDB. Primecap Management Co. CA boosted its holdings in shares of MongoDB by 863.5% in the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after acquiring an additional 780,200 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of MongoDB in the first quarter valued at approximately $128,706,000. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after acquiring an additional 481,023 shares during the period. Deutsche Bank AG boosted its holdings in shares of MongoDB by 134.6% in the first quarter. Deutsche Bank AG now owns 690,774 shares of the company’s stock valued at $121,162,000 after acquiring an additional 396,311 shares during the period. Finally, D1 Capital Partners L.P. acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $76,129,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research raised MongoDB to a “hold” rating in a report on Friday, August 8th. Bank of America increased their price objective on MongoDB from $215.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, June 5th. UBS Group increased their price objective on MongoDB from $213.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, June 5th. JMP Securities reaffirmed a “market outperform” rating and set a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. Finally, Scotiabank increased their price target on MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.46.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $212.70 on Thursday. The stock has a fifty day moving average price of $215.74 and a 200 day moving average price of $208.41. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a market cap of $17.38 billion, a PE ratio of -186.58 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.MongoDB’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at approximately $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares of the company’s stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is owned by corporate insiders.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.