DekaBank Deutsche Girozentrale Has $9.44 Million Holdings in MongoDB, Inc. $MDB

DekaBank Deutsche Girozentrale lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,326 shares of the company’s stock after selling 870 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.05% of MongoDB worth $9,439,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. West Tower Group LLC acquired a new position in MongoDB during the second quarter worth approximately $210,000. Chicago Partners Investment Group LLC acquired a new position in shares of MongoDB in the second quarter valued at approximately $489,000. TrueMark Investments LLC grew its position in shares of MongoDB by 5.6% in the second quarter. TrueMark Investments LLC now owns 6,781 shares of the company’s stock valued at $1,424,000 after purchasing an additional 362 shares during the last quarter. Nordea Investment Management AB grew its position in shares of MongoDB by 11.7% in the second quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock valued at $2,814,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Praxis Investment Management Inc. acquired a new position in shares of MongoDB in the second quarter valued at approximately $567,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $330.01 on Friday. The company has a market capitalization of $26.85 billion, a P/E ratio of -336.74 and a beta of 1.50. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The business’s 50 day simple moving average is $304.49 and its 200 day simple moving average is $234.18.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results 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 company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same period in the prior year, the company earned $0.70 EPS. The company’s quarterly revenue 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. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the completion of the sale, the director directly owned 24,308 shares in the company, valued at $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,828 shares of company stock valued at $34,482,846. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MDB shares. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $290.00 target price on shares of MongoDB in a research report on Friday, August 22nd. Canaccord Genuity Group upped their target price on MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Wells Fargo & Company started coverage on MongoDB in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 target price on the stock. Finally, Citigroup reaffirmed an “outperform” rating on shares of MongoDB in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $342.69.

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.