Focus Partners Advisor Solutions LLC Acquires New Shares in MongoDB, Inc. $MDB

Focus Partners Advisor Solutions LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,419 shares of the company’s stock, valued at approximately $718,000.

Several other institutional investors also recently modified their holdings of the business. State of New Jersey Common Pension Fund D boosted its position in shares of MongoDB by 8.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 27,521 shares of the company’s stock valued at $5,779,000 after buying an additional 2,078 shares during the last quarter. AlphaQuest LLC boosted its position in shares of MongoDB by 257.1% during the second quarter. AlphaQuest LLC now owns 650 shares of the company’s stock valued at $136,000 after buying an additional 468 shares during the last quarter. Carnegie Investment Counsel boosted its position in shares of MongoDB by 3.6% during the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after buying an additional 62 shares during the last quarter. Forum Financial Management LP purchased a new stake in shares of MongoDB during the second quarter valued at $289,000. Finally, Ethic Inc. boosted its position in shares of MongoDB by 29.2% during the second quarter. Ethic Inc. now owns 7,247 shares of the company’s stock valued at $1,521,000 after buying an additional 1,640 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Down 1.1%

MDB stock opened at $336.46 on Wednesday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The stock has a market cap of $27.37 billion, a P/E ratio of -343.33 and a beta of 1.50. The business’s 50-day moving average price is $311.41 and its 200-day moving average price is $238.96.

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

Insider Activity

In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer directly owned 11,598 shares of the company’s stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 33,320 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the transaction, the chief executive officer directly owned 203,237 shares in the company, valued at approximately $61,233,275.73. This represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 103,493 shares of company stock worth $32,450,023. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on MongoDB from $315.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 price target on shares of MongoDB in a research report on Friday, August 22nd. Scotiabank increased their price objective on shares of MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a research note on Friday, September 19th. Guggenheim raised their price objective on shares of MongoDB from $310.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Barclays raised their price objective on shares of MongoDB from $305.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $342.69.

About MongoDB

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.