MongoDB, Inc. $MDB Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB) by 23.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,957 shares of the company’s stock after acquiring an additional 373 shares during the quarter. Blue Trust Inc.’s holdings in MongoDB were worth $411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in MongoDB by 20.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after purchasing an additional 249 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock valued at $1,359,000 after buying an additional 298 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after buying an additional 362,705 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of MongoDB in the first quarter valued at about $263,000. Finally, Red Spruce Capital LLC raised its position in shares of MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after buying an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MDB shares. Robert W. Baird increased their price objective on shares of MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. JMP Securities increased their price target on MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a report on Friday, September 19th. Guggenheim increased their price target on MongoDB from $310.00 to $400.00 and gave the company a “buy” rating in a report on Monday, September 15th. Oppenheimer increased their price target on MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Finally, Piper Sandler raised their target price on MongoDB from $345.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $342.69.

MongoDB Trading Up 1.5%

Shares of NASDAQ:MDB opened at $319.21 on Tuesday. The business has a 50-day moving average price of $287.47 and a 200 day moving average price of $226.44. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of -325.72 and a beta of 1.50. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same period in the previous year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Charles M. Hazard, Jr. sold 166 shares of MongoDB stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following the completion of the sale, the director owned 14,493 shares in the company, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This trade represents a 38.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,163 shares of company stock worth $31,862,322 in the last three months. Company insiders own 3.10% of the company’s stock.

MongoDB 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.